Arctic Star Exploration (CVE:ADD) Trading Up 50% – Should You Buy?

Arctic Star Exploration Corp. (CVE:ADD) shares shot up 50% on Wednesday . The stock traded as high as C$0.02 and last traded at C$0.02. 170,000 shares changed hands during mid-day 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 company has a debt-to-equity ratio of 4.52, a quick ratio of 3.10 and a current ratio of 0.32. The business’s fifty day moving average price is C$0.01 and its two-hundred day moving average price is C$0.02. The stock has a market capitalization 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.