Arbor Metals (CVE:ABR) Stock Price Down 44.6% – Here’s Why

Arbor Metals Corp. (CVE:ABR)’s stock price was down 44.6% during mid-day trading on Thursday . The company traded as low as C$0.45 and last traded at C$0.47. Approximately 804,093 shares traded hands during mid-day trading, an increase of 173% from the average daily volume of 294,086 shares. The stock had previously closed at C$0.84.

Arbor Metals Stock Down 44.6 %

The firm has a market capitalization of C$31.93 million, a price-to-earnings ratio of -15.50 and a beta of -3.71. The firm has a fifty day moving average price of C$0.32 and a 200 day moving average price of C$0.39. The company has a current ratio of 243.01, a quick ratio of 1.49 and a debt-to-equity ratio of 97.78.

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.