Arbor Metals (CVE:ABR) Shares Up 64.7% – Here’s Why

Arbor Metals Corp. (CVE:ABR)’s share price rose 64.7% during mid-day trading on Wednesday . The company traded as high as C$0.92 and last traded at C$0.84. Approximately 1,716,723 shares changed hands during mid-day trading, an increase of 566% from the average daily volume of 257,657 shares. The stock had previously closed at C$0.51.

Arbor Metals Stock Performance

The stock has a market cap of C$57.67 million, a price-to-earnings ratio of -28.00 and a beta of -3.71. The company has a quick ratio of 1.49, a current ratio of 243.01 and a debt-to-equity ratio of 97.78. The company has a 50 day simple moving average of C$0.31 and a 200 day simple moving average of C$0.38.

Arbor Metals Company Profile

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.