Arbor Metals (CVE:ABR) Stock Price Down 44% – Here’s Why

Arbor Metals Corp. (CVE:ABRGet Free Report)’s share price traded down 44% during mid-day trading on Wednesday . The company traded as low as C$0.45 and last traded at C$0.47. 748,493 shares changed hands during trading, an increase of 161% from the average session volume of 287,178 shares. The stock had previously closed at C$0.84.

Arbor Metals Trading Down 44.6 %

The stock has a 50 day simple moving average of C$0.32 and a 200-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 current ratio of 243.01, a quick ratio of 1.49 and a debt-to-equity ratio of 97.78.

Arbor Metals Company Profile

(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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