Arbor Metals Corp. (CVE:ABR – Get Free Report)’s stock price dropped 31% on Wednesday . The company traded as low as C$0.55 and last traded at C$0.58. Approximately 397,596 shares traded hands during mid-day trading, an increase of 52% from the average daily volume of 261,170 shares. The stock had previously closed at C$0.84.
Arbor Metals Stock Performance
The business has a fifty day simple moving average of C$0.32 and a two-hundred day simple moving average of C$0.39. The company has a debt-to-equity ratio of 97.78, a current ratio of 243.01 and a quick ratio of 1.49. The company has a market cap of C$41.20 million, a PE ratio of -20.00 and a beta of -3.71.
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.
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