Arbor Metals Corp. (CVE:ABR – Get Free Report) shot up 17.4% during mid-day trading on Tuesday . The company traded as high as C$0.14 and last traded at C$0.14. Approximately 162,586 shares changed hands during trading, an increase of 51% from the average daily volume of 107,437 shares. The stock had previously closed at C$0.12.
Arbor Metals Price Performance
The stock has a market cap of C$13.67 million, a P/E ratio of 18.31 and a beta of 1.33. The stock’s 50 day simple moving average is C$0.13 and its two-hundred day simple moving average is C$0.18.
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.
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