Arctic Star Exploration (CVE:ADD) Stock Price Down 20% – Time to Sell?

Arctic Star Exploration Corp. (CVE:ADD) dropped 20% during trading on Friday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 535,257 shares traded hands during 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 stock has a fifty day moving average of C$0.01 and a two-hundred day moving average of C$0.01. The company has a current ratio of 0.32, a quick ratio of 3.10 and a debt-to-equity ratio of 4.52. 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.

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.