Arbor Metals (CVE:ABR) Shares Down 25% – Should You Sell?

Arbor Metals Corp. (CVE:ABR) shares traded down 25% during mid-day trading on Thursday . The company traded as low as C$0.27 and last traded at C$0.29. 999,714 shares changed hands during trading, an increase of 423% from the average session volume of 191,168 shares. The stock had previously closed at C$0.38.

Arbor Metals Stock Down 25.0%

The stock has a market cap of C$23.53 million, a price-to-earnings ratio of 28.50 and a beta of 1.78. The stock’s fifty day moving average is C$0.17 and its 200-day moving average is C$0.19.

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. 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.