Arbor Metals (CVE:ABR) Shares Down 44.6% – Here’s What Happened

Arbor Metals Corp. (CVE:ABRGet Free Report)’s stock price was down 44.6% on Wednesday . The company traded as low as C$0.45 and last traded at C$0.47. Approximately 804,093 shares changed hands during 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 Price Performance

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

About Arbor Metals

(Get Free Report)

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.

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