Arbor Metals (CVE:ABR) Trading Up 50% – What’s Next?
by Doug Wharley · The Cerbat GemArbor Metals Corp. (CVE:ABR – Get Free Report) traded up 50% during mid-day trading on Wednesday . The company traded as high as C$0.30 and last traded at C$0.30. 145,639 shares changed hands during trading, an increase of 140% from the average session volume of 60,579 shares. The stock had previously closed at C$0.20.
Arbor Metals Stock Up 55.0%
The firm has a market cap of C$25.59 million, a P/E ratio of 31.00 and a beta of 1.78. The firm has a fifty day moving average of C$0.16 and a 200-day moving average of C$0.19.
About Arbor Metals
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.