Arbor Metals Corp. (CVE:ABR – Get Free Report) dropped 44% on Wednesday . The stock traded as low as C$0.45 and last traded at C$0.47. 748,493 shares traded hands during mid-day trading, an increase of 161% from the average daily volume of 287,178 shares. The stock had previously closed at C$0.84.
Arbor Metals Stock Performance
The firm has a fifty day moving average of C$0.32 and a 200-day moving average of C$0.39. The company has a quick ratio of 1.49, a current ratio of 243.01 and a debt-to-equity ratio of 97.78. The stock has a market capitalization of C$41.20 million, a price-to-earnings ratio of -20.00 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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