Arbor Metals (CVE:ABR) Shares Up 20.4% – What’s Next?

Arbor Metals Corp. (CVE:ABR) shot up 20.4% during mid-day trading on Thursday . The company traded as high as C$0.65 and last traded at C$0.56. 280,916 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 293,232 shares. The stock had previously closed at C$0.47.

Arbor Metals Stock Up 7.1 %

The company has a debt-to-equity ratio of 97.78, a current ratio of 243.01 and a quick ratio of 1.49. The stock’s fifty day simple moving average is C$0.32 and its 200-day simple moving average is C$0.39. The stock has a market cap of C$41.20 million, a P/E ratio of -20.00 and a beta of -3.71.

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.