Arbor Metals (CVE:ABR) Shares Down 44% – Here’s What Happened

Shares of Arbor Metals Corp. (CVE:ABR) traded down 44% on Wednesday . The company traded as low as C$0.46 and last traded at C$0.47. 655,508 shares were traded during trading, an increase of 131% from the average session volume of 283,707 shares. The stock had previously closed at C$0.84.

Arbor Metals Trading Up 7.1 %

The firm has a market cap of C$41.20 million, a P/E ratio of -20.00 and a beta of -3.71. The firm has a fifty day simple moving average of C$0.32 and a 200-day simple moving average of 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.

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.