Arbor Metals Corp. (CVE:ABR – Get Free Report) shares rose 64.7% during trading on Wednesday . The stock traded as high as C$0.92 and last traded at C$0.84. Approximately 1,716,723 shares changed hands during trading, an increase of 566% from the average daily volume of 257,657 shares. The stock had previously closed at C$0.51.
Arbor Metals Stock Up 20.4 %
The firm’s 50 day simple moving average is C$0.32 and its 200-day simple moving average is C$0.39. The company has a current ratio of 243.01, a quick ratio of 1.49 and a debt-to-equity ratio of 97.78. The stock has a market capitalization of C$38.45 million, a price-to-earnings ratio of -18.67 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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