Shares of Arbor Metals Corp. (CVE:ABR – Get Free Report) rose 75% during trading on Wednesday . The stock traded as high as C$0.40 and last traded at C$0.35. Approximately 460,786 shares changed hands during trading, an increase of 399% from the average daily volume of 92,316 shares. The stock had previously closed at C$0.20.
Arbor Metals Price Performance
The firm’s 50 day simple moving average is C$0.16 and its two-hundred day simple moving average is C$0.19. The firm has a market capitalization of C$31.37 million, a P/E ratio of 38.00 and a beta of 1.78.
Arbor Metals Company Profile
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. The company was formerly known as Vela Minerals Ltd. and changed its name to Arbor Metals Corp. in August 2019. Arbor Metals Corp. was incorporated in 2011 and is headquartered in Vancouver, Canada.
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