Arbor Metals (CVE:ABR) Shares Up 26.9% – Time to Buy?

by · The Cerbat Gem

Arbor Metals Corp. (CVE:ABR – Get Free Report)’s share price rose 26.9% on Monday . The company traded as high as C$0.35 and last traded at C$0.33. Approximately 144,691 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 181,615 shares. The stock had previously closed at C$0.26.

Arbor Metals Price Performance

The company has a 50-day moving average of C$0.17 and a 200 day moving average of C$0.19. The company has a market cap of C$27.24 million, a PE ratio of 33.00 and a beta of 1.78.

Arbor Metals Company Profile

(Get Free Report)

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. The company was formerly known as Vela Minerals Ltd. and changed its name to Arbor Metals Corp. in August 2019. Arbor Metals Corp. was incorporated in 2011 and is headquartered in Vancouver, Canada.

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