Shares of Arctic Star Exploration Corp. (CVE:ADD – Get Free Report) dropped 20% on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 535,257 shares were traded during mid-day 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 Price 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 stock has a market capitalization of C$4.46 million, a price-to-earnings ratio of -1.50 and a beta of 1.56. The business’s 50 day simple moving average is C$0.01 and its 200-day simple moving average is C$0.01.
About Arctic Star Exploration
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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