Arctic Star Exploration (CVE:ADD) Shares Up 50% – Here’s What Happened

Arctic Star Exploration Corp. (CVE:ADD)’s stock price rose 50% during mid-day trading on Thursday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 170,000 shares traded hands during trading, a decline of 41% from the average daily volume of 285,976 shares. The stock had previously closed at C$0.01.

Arctic Star Exploration Stock Performance

The company has a quick ratio of 3.10, a current ratio of 0.32 and a debt-to-equity ratio of 4.52. The company has a market capitalization of C$3.35 million, a PE ratio of -1.50 and a beta of 1.56. The business has a 50 day simple moving average of C$0.01 and a 200 day simple moving average of C$0.02.

Arctic Star Exploration Company Profile

Arctic Star Exploration Corp., a junior natural resource company, acquires, explores, and develops mineral properties in Canada and Finland. It primarily explores for diamond. The company’s flagship project is the Diagras diamond project located in the north-eastern part of the prolific Lac de Gras kimberlite field.