Arctic Star Exploration (CVE:ADD) Shares Up 50% – Here’s Why

Arctic Star Exploration Corp. (CVE:ADD)’s share price rose 50% on Thursday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 170,000 shares were traded during trading, a decline of 41% from the average daily volume of 285,976 shares. The stock had previously closed at C$0.01.

Arctic Star Exploration Price Performance

The stock has a market cap of C$3.35 million, a PE ratio of -1.50 and a beta of 1.56. The business has a fifty day simple moving average of C$0.01 and a two-hundred day simple moving average of C$0.02. The company has a current ratio of 0.32, a quick ratio of 3.10 and a debt-to-equity ratio of 4.52.

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.