Arbor Metals (CVE:ABR) Shares Up 64.7% – Here’s Why

Arbor Metals Corp. (CVE:ABR) shares rose 64.7% on Tuesday . The company traded as high as C$0.92 and last traded at C$0.84. Approximately 1,716,723 shares traded hands during mid-day trading, an increase of 566% from the average daily volume of 257,657 shares. The stock had previously closed at C$0.51.

Arbor Metals Price Performance

The company’s fifty day moving average price is C$0.32 and its two-hundred day moving average price is C$0.39. The company has a quick ratio of 1.49, a current ratio of 243.01 and a debt-to-equity ratio of 97.78. The company has a market cap of C$38.45 million, a price-to-earnings ratio of -18.67 and a beta of -3.71.

About Arbor Metals

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.