Arctic Star Exploration (CVE:ADD) Trading Up 50% – Should You Buy?

Arctic Star Exploration Corp. (CVE:ADDGet Free Report) shares were up 50% during mid-day trading on Wednesday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 170,000 shares changed hands during trading, a decline of 41% from the average daily volume of 285,876 shares. The stock had previously closed at C$0.01.

Arctic Star Exploration Stock Performance

The company’s 50 day moving average price is C$0.01 and its 200-day moving average price is C$0.02. The stock has a market cap of C$3.35 million, a P/E ratio of -1.50 and a beta of 1.56. The company has a debt-to-equity ratio of 4.52, a quick ratio of 3.10 and a current ratio of 0.32.

Arctic Star Exploration Company Profile

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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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