Arctic Star Exploration (CVE:ADD) Trading Down 25% – Here’s Why

Arctic Star Exploration Corp. (CVE:ADDGet Free Report) fell 25% during trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. 258,296 shares changed hands during mid-day trading, an increase of 47% from the average session volume of 175,609 shares. The stock had previously closed at C$0.02.

Arctic Star Exploration Price Performance

The stock’s 50 day simple moving average is C$0.01 and its 200 day simple moving average is C$0.01. The company has a debt-to-equity ratio of 4.52, a quick ratio of 3.10 and a current ratio of 0.32. The firm has a market capitalization of C$3.35 million, a P/E ratio of -1.50 and a beta of 1.56.

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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