Arctic Star Exploration (CVE:ADD) Stock Price Up 50% – Still a Buy?

Arctic Star Exploration Corp. (CVE:ADD) shares rose 50% on Thursday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 170,000 shares changed hands 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 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$3.35 million, a P/E ratio of -1.50 and a beta of 1.56. The stock’s 50 day simple moving average is C$0.01 and its 200 day simple moving average is C$0.02.

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.