Arctic Star Exploration (CVE:ADD) Stock Price Down 33.3% – Here’s Why

Arctic Star Exploration Corp. (CVE:ADDGet Free Report)’s share price fell 33.3% during mid-day trading on Thursday . The stock traded as low as C$0.01 and last traded at C$0.01. 117,000 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 293,942 shares. The stock had previously closed at C$0.02.

Arctic Star Exploration Stock Performance

The stock has a market capitalization of C$3.35 million, a price-to-earnings ratio of -1.50 and a beta of 1.56. The company has a debt-to-equity ratio of 4.52, a current ratio of 0.32 and a quick ratio of 3.10. The stock has a 50-day moving average of C$0.01 and a 200 day moving average of C$0.02.

About Arctic Star Exploration

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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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