Arbor Metals (CVE:ABR) Trading 37.3% Higher – Should You Buy?

Arbor Metals Corp. (CVE:ABR)’s stock price shot up 37.3% during trading on Monday . The company traded as high as C$0.36 and last traded at C$0.35. 320,311 shares were traded during mid-day trading, an increase of 163% from the average session volume of 121,952 shares. The stock had previously closed at C$0.26.

Arbor Metals Price Performance

The firm’s 50 day simple moving average is C$0.31 and its two-hundred day simple moving average is C$0.39. The company has a debt-to-equity ratio of 97.78, a current ratio of 243.01 and a quick ratio of 1.49. The firm has a market capitalization of C$24.03 million, a P/E ratio of -11.67 and a beta of -3.71.

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.