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

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

Arctic Star Exploration Stock Performance

The business has a 50-day simple moving average of C$0.01 and a 200 day simple moving average of C$0.02. The company has a debt-to-equity ratio of 4.52, a current ratio of 0.32 and a quick ratio of 3.10. The firm has a market cap of C$3.35 million, a PE 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.