Arctic Star Exploration (CVE:ADD) Trading Down 33.3% – What’s Next?

Arctic Star Exploration Corp. (CVE:ADD) dropped 33.3% during mid-day trading on Tuesday . The company traded as low as C$0.01 and last traded at C$0.01. Approximately 1,469,800 shares traded hands during mid-day trading, an increase of 679% from the average daily volume of 188,584 shares. The stock had previously closed at C$0.02.

Arctic Star Exploration Stock Performance

The stock’s 50-day moving average price is C$0.01 and its 200 day moving average price is C$0.01. The firm has a market cap of C$2.23 million, a P/E ratio of -1.50 and a beta of 1.56. The company has a debt-to-equity ratio of 4.52, a current ratio of 0.32 and a quick ratio of 3.10.

Arctic Star Exploration Company Profile

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.