Arbor Metals (CVE:ABR) Stock Price Down 44% – Here’s Why

Arbor Metals Corp. (CVE:ABR) fell 44% on Wednesday . The stock traded as low as C$0.46 and last traded at C$0.47. 655,508 shares were traded during trading, an increase of 131% from the average session volume of 283,707 shares. The stock had previously closed at C$0.84.

Arbor Metals Price Performance

The company has a current ratio of 243.01, a quick ratio of 1.49 and a debt-to-equity ratio of 97.78. The firm has a market cap of C$41.20 million, a P/E ratio of -20.00 and a beta of -3.71. The business has a 50-day moving average of C$0.32 and a two-hundred day moving average of C$0.39.

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.