Arbor Metals (CVE:ABR) Shares Up 41.2% – Here’s Why

Arbor Metals Corp. (CVE:ABR) traded up 41.2% on Tuesday . The company traded as high as C$0.74 and last traded at C$0.72. 1,135,630 shares changed hands during mid-day trading, an increase of 425% from the average session volume of 216,115 shares. The stock had previously closed at C$0.51.

Arbor Metals Stock Performance

The stock has a fifty day simple moving average of C$0.32 and a 200-day simple moving average of C$0.39. The stock has a market cap of C$38.45 million, a P/E ratio of -18.67 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.