Arctic Star Exploration (CVE:ADD) Shares Up 50% – Time to Buy?

Arctic Star Exploration Corp. (CVE:ADDGet Free Report)’s share price was up 50% during mid-day trading on Wednesday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 1,767,193 shares changed hands during trading, an increase of 432% from the average daily volume of 332,033 shares. The stock had previously closed at C$0.01.

Arctic Star Exploration Trading Up 50.0%

The company has a current ratio of 0.32, a quick ratio of 3.10 and a debt-to-equity ratio of 4.52. The stock has a market cap of C$3.35 million, a P/E ratio of -1.50 and a beta of 1.56. The firm’s 50-day simple moving average is C$0.02 and its 200 day simple moving average is C$0.01.

About Arctic Star Exploration

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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.

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