Arbor Metals (CVE:ABR) Trading Down 44.6% – Should You Sell?

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

Arbor Metals Price Performance

The business has a 50 day simple moving average of C$0.32 and a two-hundred day simple moving average of C$0.39. The firm has a market capitalization of C$31.93 million, a P/E ratio of -15.50 and a beta of -3.71. The company has a debt-to-equity ratio of 97.78, a quick ratio of 1.49 and a current ratio of 243.01.

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.