Arbor Metals (CVE:ABR) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Shares of Arbor Metals Corp. (CVE:ABR) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.23 and traded as low as C$0.16. Arbor Metals shares last traded at C$0.16, with a volume of 17,025 shares trading hands.

Arbor Metals Trading Down 3.1%

The company has a market capitalization of C$14.62 million, a P/E ratio of 15.50 and a beta of 1.25. The company’s fifty day moving average is C$0.23 and its 200 day moving average is C$0.20.

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. The company was formerly known as Vela Minerals Ltd. and changed its name to Arbor Metals Corp. in August 2019. Arbor Metals Corp. was incorporated in 2011 and is headquartered in Vancouver, Canada.