Shares of Arbor Metals Corp. (CVE:ABR – Get Free Report) dropped 44.6% on Thursday . The stock 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 Up 7.1 %
The company has a current ratio of 243.01, a quick ratio of 1.49 and a debt-to-equity ratio of 97.78. The business has a 50-day moving average price of C$0.32 and a 200-day moving average price of C$0.39. The firm has a market cap of C$41.20 million, a P/E ratio of -20.00 and a beta of -3.71.
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.
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