Arctic Star Exploration (CVE:ADD) Stock Price Down 33.3% – Should You Sell?

Arctic Star Exploration Corp. (CVE:ADD) dropped 33.3% during mid-day trading on Monday . The stock traded as low as C$0.01 and last traded at C$0.01. Approximately 166,000 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 284,025 shares. The stock had previously closed at C$0.02.

Arctic Star Exploration Stock Down 33.3 %

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’s 50 day simple moving average is C$0.01 and its 200 day simple moving average is C$0.02. The firm has a market cap of C$2.23 million, a P/E ratio of -1.50 and a beta of 1.56.

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.