Arctic Star Exploration (CVE:ADD) Shares Down 33.3% – Here’s Why

Shares of Arctic Star Exploration Corp. (CVE:ADD) were down 33.3% during mid-day trading on Tuesday . The company traded as low as C$0.01 and last traded at C$0.01. Approximately 1,469,800 shares traded hands during trading, an increase of 679% from the average daily volume of 188,584 shares. The stock had previously closed at C$0.02.

Arctic Star Exploration Stock Performance

The business has a 50-day moving average price of C$0.01 and a 200-day moving average price of C$0.01. The firm has a market capitalization of C$3.35 million, a price-to-earnings ratio of -1.50 and a beta of 1.56. The company has a quick ratio of 3.10, a current ratio of 0.32 and a debt-to-equity ratio of 4.52.

Arctic Star Exploration Company Profile

Arctic Star Exploration Corp., a junior natural resource company, acquires, explores, and develops mineral properties in Canada and Finland. It primarily explores for diamond. The company’s flagship project is the Diagras diamond project located in the north-eastern part of the prolific Lac de Gras kimberlite field.