Arbor Metals (CVE:ABR) Shares Down 31% – What’s Next?

Arbor Metals Corp. (CVE:ABR)’s share price traded down 31% on Wednesday . The company traded as low as C$0.55 and last traded at C$0.58. 397,596 shares traded hands during trading, an increase of 52% from the average session volume of 261,170 shares. The stock had previously closed at C$0.84.

Arbor Metals Stock Down 43.5 %

The business has a 50-day moving average price of C$0.32 and a two-hundred day moving average price 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 firm has a market cap of C$32.61 million, a PE ratio of -15.83 and a beta of -3.71.

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.