Arbor Metals (CVE:ABR) Stock Price Down 44% – Here’s Why

Arbor Metals Corp. (CVE:ABRGet Free Report)’s stock price fell 44% during mid-day trading on Wednesday . The company traded as low as C$0.46 and last traded at C$0.47. 655,508 shares were traded during trading, an increase of 131% from the average session volume of 283,707 shares. The stock had previously closed at C$0.84.

Arbor Metals Stock Down 44.6 %

The business has a 50 day moving average of C$0.32 and a 200-day moving average of C$0.39. The stock has a market cap of C$31.93 million, a PE ratio of -15.50 and a beta of -3.71. The company has a current ratio of 243.01, a quick ratio of 1.49 and a debt-to-equity ratio of 97.78.

About Arbor Metals

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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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