Arctic Star Exploration (CVE:ADD) Trading Down 17.6%

Arctic Star Exploration Corp. (CVE:ADD – Get Rating)’s stock price dropped 17.6% on Wednesday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 12,517,898 shares were traded during trading, an increase of 2,542% from the average daily volume of 473,780 shares. The stock had previously closed at C$0.09.

The company has a market cap of C$13.44 million and a price-to-earnings ratio of -5.00. The company has a fifty day moving average price of C$0.10 and a two-hundred day moving average price of C$0.09. The company has a current ratio of 2.13, a quick ratio of 2.06 and a debt-to-equity ratio of 4.22.

About Arctic Star Exploration (CVE:ADD)

Arctic Star Exploration Corp., a junior natural resource company, acquires, explores for, and develops mineral properties in Canada and Finland. The company primarily explores for diamond and niobium/rare earth deposits. Its flagship project is the Diagras property that consists of 58 contiguous claims with an area of 48,346 hectares located in the north-eastern part of the prolific Lac de Gras kimberlite field.

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