Arctic Star Exploration (CVE:ADD) Trading Down 20% – Here’s What Happened

Arctic Star Exploration Corp. (CVE:ADD)’s share price dropped 20% during mid-day trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 535,257 shares changed hands during trading, an increase of 190% from the average daily volume of 184,877 shares. The stock had previously closed at C$0.03.

Arctic Star Exploration Trading Down 20.0 %

The company has a market capitalization of C$4.46 million, a price-to-earnings ratio of -1.50 and a beta of 1.56. The company has a quick ratio of 3.10, a current ratio of 0.32 and a debt-to-equity ratio of 4.52. The company’s fifty day simple moving average is C$0.01 and its two-hundred day simple moving average is C$0.01.

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.