Arbor Metals (CVE:ABR) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Arbor Metals Corp. (CVE:ABR)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.21 and traded as low as C$0.20. Arbor Metals shares last traded at C$0.20, with a volume of 81,335 shares trading hands.

Arbor Metals Stock Performance

The stock’s 50 day simple moving average is C$0.21 and its 200 day simple moving average is C$0.20. The firm has a market cap of C$17.34 million, a PE ratio of 21.00 and a beta of 2.67.

About Arbor Metals

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.