Arctic Star Exploration (CVE:ADD) Trading 25% Higher – Still a Buy?

Arctic Star Exploration Corp. (CVE:ADDGet Free Report)’s share price shot up 25% during mid-day trading on Thursday . The company traded as high as C$0.03 and last traded at C$0.03. 1,049,003 shares traded hands during trading, an increase of 492% from the average session volume of 177,260 shares. The stock had previously closed at C$0.02.

Arctic Star Exploration Stock Up 25.0 %

The company’s fifty day simple moving average is C$0.01 and its 200 day simple moving average is C$0.01. The firm has a market capitalization of C$5.58 million, a P/E ratio of -1.50 and a beta of 1.56. The company has a current ratio of 0.32, a quick ratio of 3.10 and a debt-to-equity ratio of 4.52.

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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