Arbor Metals Corp. (CVE:ABR – Get Free Report) dropped 25% on Friday . The company traded as low as C$0.27 and last traded at C$0.29. Approximately 999,714 shares were traded during mid-day trading, an increase of 423% from the average daily volume of 191,168 shares. The stock had previously closed at C$0.38.
Arbor Metals Trading 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 company has a 50 day simple moving average of C$0.17 and a 200-day simple moving average of C$0.19.
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.
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