Arbor Metals (CVE:ABR) Shares Down 44.6% – Time to Sell?

Shares of Arbor Metals Corp. (CVE:ABR) fell 44.6% on Wednesday . The company traded as low as C$0.45 and last traded at C$0.47. 804,093 shares changed hands during trading, an increase of 173% from the average session volume of 294,086 shares. The stock had previously closed at C$0.84.

Arbor Metals Trading Up 7.1 %

The business’s 50-day simple moving average is C$0.32 and its two-hundred day simple moving average is C$0.39. The stock has a market capitalization of C$41.20 million, a price-to-earnings ratio of -20.00 and a beta of -3.71. The company has a debt-to-equity ratio of 97.78, a current ratio of 243.01 and a quick ratio of 1.49.

Arbor Metals Company Profile

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.