Arbor Metals (CVE:ABR) Shares Up 64.7% – Still a Buy?

Shares of Arbor Metals Corp. (CVE:ABR) were up 64.7% during trading on Tuesday . The stock traded as high as C$0.92 and last traded at C$0.84. Approximately 1,716,723 shares traded hands during mid-day trading, an increase of 566% from the average daily volume of 257,657 shares. The stock had previously closed at C$0.51.

Arbor Metals Trading Up 20.4 %

The company has a debt-to-equity ratio of 97.78, a quick ratio of 1.49 and a current ratio of 243.01. The firm’s fifty day simple moving average is C$0.32 and its 200-day simple moving average is 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.

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.