Arctic Star Exploration (CVE:ADD) Stock Price Up 50% – Here’s Why

Shares of Arctic Star Exploration Corp. (CVE:ADD) were up 50% during mid-day trading on Wednesday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 170,000 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 285,976 shares. The stock had previously closed at C$0.01.

Arctic Star Exploration Stock Performance

The stock’s 50-day moving average is C$0.01 and its 200 day moving average is C$0.02. The company has a debt-to-equity ratio of 4.52, a quick ratio of 3.10 and a current ratio of 0.32. The firm has a market cap of C$3.35 million, a P/E ratio of -1.50 and a beta of 1.56.

Arctic Star Exploration Company Profile

Arctic Star Exploration Corp., a junior natural resource company, acquires, explores, and develops mineral properties in Canada and Finland. It primarily explores for diamond. The company’s flagship project is the Diagras diamond project located in the north-eastern part of the prolific Lac de Gras kimberlite field.