Arctic Star Exploration (CVE:ADD) Trading 50% Higher – Still a Buy?

Shares of Arctic Star Exploration Corp. (CVE:ADDGet Free Report) were up 50% during trading on Saturday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 1,242,000 shares traded hands during trading, an increase of 462% from the average daily volume of 220,857 shares. The stock had previously closed at C$0.01.

Arctic Star Exploration Stock Up 50.0 %

The company’s 50-day simple moving average is C$0.01 and its two-hundred day simple moving average is C$0.02. The company has a debt-to-equity ratio of 4.52, a current ratio of 0.32 and a quick ratio of 3.10. The firm has a market capitalization of C$3.35 million, a P/E ratio of -1.50 and a beta of 1.56.

About Arctic Star Exploration

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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.

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