Arctic Star Exploration (CVE:ADD) Trading 25% Higher – Time to Buy?

Arctic Star Exploration Corp. (CVE:ADDGet Free Report) shares traded up 25% during mid-day trading on Thursday . The stock traded as high as C$0.03 and last traded at C$0.03. 1,049,003 shares traded hands during mid-day trading, an increase of 492% from the average session volume of 177,260 shares. The stock had previously closed at C$0.02.

Arctic Star Exploration Stock Performance

The stock has a 50-day moving average price of C$0.01 and a 200 day moving average price of C$0.01. 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 firm has a market capitalization of C$5.58 million, a price-to-earnings ratio of -1.50 and a beta of 1.56.

About Arctic Star Exploration

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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.

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