Arbor Metals (CVE:ABR) Shares Up 29.4% – Here’s Why

by · The Cerbat Gem

Arbor Metals Corp. (CVE:ABR – Get Free Report)’s share price shot up 29.4% during trading on Tuesday . The company traded as high as C$0.68 and last traded at C$0.66. 619,576 shares traded hands during mid-day trading, an increase of 248% from the average session volume of 178,125 shares. The stock had previously closed at C$0.51.

Arbor Metals Stock Performance

The firm’s 50 day simple moving average is C$0.31 and its 200-day simple moving average is C$0.38. The company has a market capitalization of C$49.44 million, a price-to-earnings ratio of -24.00 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.

About Arbor Metals

(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.

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