Arbor Metals (CVE:ABR) Trading Down 25% – What’s Next?

Arbor Metals Corp. (CVE:ABRGet Free Report)’s stock price traded down 25% on Friday . The stock traded as low as C$0.27 and last traded at C$0.29. 999,714 shares traded hands during mid-day 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 Price Performance

The company has a fifty day moving average price of C$0.17 and a two-hundred day moving average price of C$0.19. The company has a market capitalization of C$23.53 million, a P/E ratio of 28.50 and a beta of 1.78.

Arbor Metals Company Profile

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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.

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