Arbor Metals (CVE:ABR) Shares Up 37.3% – Here’s What Happened

Arbor Metals Corp. (CVE:ABRGet Free Report) shares rose 37.3% during trading on Monday . The stock traded as high as C$0.36 and last traded at C$0.35. Approximately 320,311 shares changed hands during mid-day trading, an increase of 163% from the average daily volume of 121,952 shares. The stock had previously closed at C$0.26.

Arbor Metals Stock Performance

The company has a 50-day simple moving average of C$0.31 and a two-hundred day simple moving average of C$0.39. The company has a debt-to-equity ratio of 97.78, a quick ratio of 1.49 and a current ratio of 243.01. The firm has a market capitalization of C$24.03 million, a P/E ratio of -11.67 and a beta of -3.71.

Arbor Metals Company Profile

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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.

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