Arbor Metals (CVE:ABR) Stock Price Up 30.8% – Should You Buy?

Arbor Metals Corp. (CVE:ABR)’s share price rose 30.8% during mid-day trading on Monday . The company traded as high as C$0.35 and last traded at C$0.34. Approximately 194,691 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 185,781 shares. The stock had previously closed at C$0.26.

Arbor Metals Stock Down 2.9%

The stock has a market cap of C$27.24 million, a P/E ratio of 33.00 and a beta of 1.78. The business’s 50-day simple moving average is C$0.18 and its two-hundred day simple 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.