Arbor Metals (CVE:ABR) Shares Up 30.8% – Here’s Why

by · The Cerbat Gem

Arbor Metals Corp. (CVE:ABR – Get Free Report) shot up 30.8% during trading on Monday . The company traded as high as C$0.35 and last traded at C$0.34. 194,691 shares were traded during mid-day trading, an increase of 5% from the average session volume of 185,781 shares. The stock had previously closed at C$0.26.

Arbor Metals Stock Up 30.8%

The company has a market cap of C$28.07 million, a price-to-earnings ratio of 34.00 and a beta of 1.78. The stock has a fifty day moving average price of C$0.17 and a two-hundred day moving average price of C$0.19.

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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