Arbor Metals (CVE:ABR) Trading Up 37.3% – Should You Buy?

Arbor Metals Corp. (CVE:ABR)’s stock price rose 37.3% during trading on Tuesday . The stock traded as high as C$0.36 and last traded at C$0.35. Approximately 320,311 shares changed hands during mid-day trading, an increase of 163% from the average daily volume of 121,952 shares. The stock had previously closed at C$0.26.

Arbor Metals Stock Performance

The stock has a market capitalization of C$21.28 million, a P/E ratio of -10.33 and a beta of -3.71. The company’s fifty day simple moving average is C$0.31 and its 200 day simple moving average is C$0.38. 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

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.