In a report released today, Ryan Walker from Echelon Wealth Partners reiterated a Buy rating on Clean Air Metals (CLRMF – Research Report), with a price target of C$0.80. The company’s shares closed last Tuesday at $0.13, close to its 52-week low of $0.11.
According to TipRanks.com, Walker is a 3-star analyst with an average return of 4.6% and a 42.3% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Canada Nickel Company, Bunker Hill Mining, and Osino Resources.
Currently, the analyst consensus on Clean Air Metals is a Moderate Buy with an average price target of $0.62.
Based on Clean Air Metals’ latest earnings release for the quarter ending January 31, the company reported a quarterly GAAP net loss of $1.28 million. In comparison, last year the company had a GAAP net loss of $375.3K.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CLRMF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Clean Air Metals Inc is a platinum and palladium exploration company focused on its flagship Thunder bay north and Escape lake projects located in the Thunder Bay region of Ontario.
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