Shares of Arbor Metals Corp. (CVE:ABR – Get Free Report) dropped 44.6% during mid-day trading on Thursday . The company traded as low as C$0.45 and last traded at C$0.47. Approximately 804,093 shares were traded during trading, an increase of 173% from the average daily volume of 294,086 shares. The stock had previously closed at C$0.84.
Arbor Metals Stock Performance
The stock’s 50-day moving average price is C$0.32 and its 200-day moving average price is C$0.39. The company has a debt-to-equity ratio of 97.78, a quick ratio of 1.49 and a current ratio of 243.01. The company has a market capitalization of C$31.93 million, a price-to-earnings ratio of -15.50 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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