Arbor Metals (CVE:ABR) Shares Up 30.8% – Should You Buy?

by · The Markets Daily

Arbor Metals Corp. (CVE:ABR – Get Free Report) shares shot up 30.8% on Monday . The stock traded as high as C$0.35 and last traded at C$0.34. 194,691 shares changed hands during 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 Performance

The firm’s fifty day simple moving average is C$0.17 and its 200 day simple moving average is C$0.19. The stock has a market capitalization of C$28.07 million, a P/E ratio of 34.00 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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