Arctic Star Exploration (CVE:ADD) Shares Down 33.3% – Here’s Why

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

Arctic Star Exploration Stock 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’s 50 day moving average price is C$0.01 and its two-hundred day moving average price is C$0.02. The firm has a market capitalization of C$2.23 million, a PE 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.