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

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

Arbor Metals Stock Performance

The firm has a market cap of C$31.93 million, a price-to-earnings ratio of -15.50 and a beta of -3.71. The stock has a 50 day moving average of C$0.32 and a 200 day moving average of C$0.39. The company has a quick ratio of 1.49, a current ratio of 243.01 and a debt-to-equity ratio of 97.78.

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.