Arbor Metals (CVE:ABR) Stock Price Up 20.4% – Should You Buy?

Arbor Metals Corp. (CVE:ABR)’s share price shot up 20.4% during trading on Thursday . The stock traded as high as C$0.58 and last traded at C$0.56. 123,087 shares changed hands during trading, a decline of 56% from the average session volume of 277,503 shares. The stock had previously closed at C$0.47.

Arbor Metals Price Performance

The stock has a 50 day moving average of C$0.32 and a two-hundred day moving average of C$0.39. The company has a debt-to-equity ratio of 97.78, a quick ratio of 1.49 and a current ratio of 243.01. The firm has a market capitalization of C$41.20 million, a P/E ratio of -20.00 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.