Arctic Star Exploration (CVE:ADD) Shares Down 25% – Here’s What Happened

Arctic Star Exploration Corp. (CVE:ADDGet Free Report)’s share price dropped 25% on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 258,296 shares changed hands during mid-day trading, an increase of 47% from the average daily volume of 175,609 shares. The stock had previously closed at C$0.02.

Arctic Star Exploration Stock Down 25.0 %

The company has a debt-to-equity ratio of 4.52, a quick ratio of 3.10 and a current ratio of 0.32. The business has a 50-day moving average of C$0.01 and a 200-day moving average of C$0.01. 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.

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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