Arbor Metals (CVE:ABR) Trading 23.5% Higher – Here’s What Happened

Arbor Metals Corp. (CVE:ABR)’s share price traded up 23.5% during mid-day trading on Tuesday . The company traded as high as C$0.67 and last traded at C$0.63. 542,080 shares were traded during mid-day trading, an increase of 237% from the average session volume of 160,890 shares. The stock had previously closed at C$0.51.

Arbor Metals Stock Performance

The stock has a 50-day moving average of C$0.32 and a 200-day moving average of C$0.39. The firm has a market cap of C$31.93 million, a price-to-earnings ratio of -15.50 and a beta of -3.71. The company has a debt-to-equity ratio of 97.78, a quick ratio of 1.49 and a current ratio of 243.01.

Arbor Metals Company Profile

Arbor Metals Corp. identifies, acquires, explores, and develops natural resource properties in Canada. The company has interests in the Jarnet, Corvette Lake, and St. Pierre lithium projects comprising 83 map-designated claims, covering an area of approximately 5,606 hectares located in the James Bay region of Quebec.