Arbor Metals (CVE:ABR) Shares Down 44.6% – What’s Next?

Shares of Arbor Metals Corp. (CVE:ABR) were down 44.6% on Thursday . The stock traded as low as C$0.45 and last traded at C$0.47. Approximately 804,093 shares were traded during trading, an increase of 173% from the average daily volume of 294,086 shares. The stock had previously closed at C$0.84.

Arbor Metals Stock Up 29.0 %

The stock has a market cap of C$41.20 million, a price-to-earnings ratio of -20.00 and a beta of -3.71. The business’s 50 day moving average is C$0.32 and its 200-day moving average is C$0.39. The company has a debt-to-equity ratio of 97.78, a quick ratio of 1.49 and a current ratio of 243.01.

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.