Arctic Star Exploration (CVE:ADD) Shares Down 33.3% – Should You Sell?

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 166,000 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 284,025 shares. The stock had previously closed at C$0.02.

Arctic Star Exploration Stock Down 33.3 %

The company has a debt-to-equity ratio of 4.52, a current ratio of 0.32 and a quick ratio of 3.10. The firm has a 50-day simple moving average of C$0.01 and a two-hundred day simple moving average of C$0.02. The company has a market cap of C$2.23 million, a PE ratio of -1.50 and a beta of 1.56.

About Arctic Star Exploration

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.