Clean Air Metals Inc (OTCMKTS:CLRMF) Stock Continues to Trend Lower: Down 31% in a Month
Clean Air Metals Inc (OTCMKTS:CLRMF) stock was in demand as the stock ended higher in the previous trading session. The stock has fallen 31% over the past month.
Market Action
On Wednesday, CLRMF stock closed up by 3% at $0.1440. More than 87K shares have exchanged hands, below its average volume of 50k shares. The stock opened at $0.1391 and moved in a range of $0.1350 – 0.1454.
Clean Air Metals Reports Drilling Update from the Thunder Bay North Project and Appointment of Dr. Geoff Heggie as Exploration Manager
Here are the highlights:
Clean Air Metals announced the appointment of Dr. Geoff Heggie, P.Geo. as Exploration Manager and a Qualified Person for the Company’s Thunder Bay North Project. Dr. Heggie replaces Mr. Allan MacTavish, M.Sc., P.Geo. who has retired from fulltime duties as Vice President, Project Manager, and will continue with the Company in a non-executive consulting capacity.
Dr. Heggie worked on the Thunder Bay North Project previously for 7 years. He earned his BSc in Geology at the University of Saskatchewan, his MSc at Lakehead University and his PhD at the University of Western Australia. Most recently with Noront Resources, Geoff is an expert in Ultramafic/Mafic magmatic systems. Previously as Senior Geologist at Noront, systematic integration of geology and geophysics by the Noront team was typified by the discovery of the McFaulds No. 8 VMS lenses of the Nikka deposit during Geoff’s tenure.
Key Quote:
Abraham Drost, CEO of Clean Air Metals stated that “we are very pleased to welcome Dr. Geoff Heggie to the Clean Air Metals team. Geoff’s prior experience at the Thunder Bay North Project with predecessor companies and his innate expertise in magmatic systems gained in a variety of geological settings is accretive to the team. We look forward with Geoff and team to unlocking the full potential of the Escape and Current chonolith deposits and locating the source of high-grade massive sulphide occurrences within the system.
Trader Notes:
CLRMF stock is trading below all the key moving averages of 200-Day SMA stand at $0.26 – signaling a weak momentum. Moreover, RSI stands at 33 – giving a neutral sign.
