Arbor Metals (CVE:ABR) Shares Up 37.3% – Here’s What Happened

Arbor Metals Corp. (CVE:ABR) shares were up 37.3% on Tuesday . The company traded as high as C$0.36 and last traded at C$0.35. Approximately 320,311 shares traded hands during mid-day trading, an increase of 163% from the average daily volume of 121,952 shares. The stock had previously closed at C$0.26.

Arbor Metals Price Performance

The stock has a market capitalization of C$21.28 million, a price-to-earnings ratio of -10.33 and a beta of -3.71. The business has a 50-day simple moving average of C$0.31 and a two-hundred day simple moving average of C$0.38. The company has a quick ratio of 1.49, a current ratio of 243.01 and a debt-to-equity ratio of 97.78.

About Arbor Metals

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.