Arbor Metals (CVE:ABR) Trading Up 37.3% – Here’s Why

Arbor Metals Corp. (CVE:ABR) shares were up 37.3% during mid-day trading on Tuesday . The stock traded as high as C$0.36 and last traded at C$0.35. Approximately 320,311 shares traded hands during mid-day trading, an increase of 163% from the average daily volume of 121,952 shares. The stock had previously closed at C$0.26.

Arbor Metals Price Performance

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 cap of C$21.28 million, a price-to-earnings ratio of -10.33 and a beta of -3.71. The company has a 50 day simple moving average of C$0.31 and a 200-day simple moving average of C$0.38.

Arbor Metals Company Profile

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.