Arbor Metals Corp. (CVE:ABR – Get Free Report) shares rose 70% on Wednesday . The company traded as high as C$0.40 and last traded at C$0.34. Approximately 442,269 shares changed hands during mid-day trading, an increase of 379% from the average daily volume of 92,316 shares. The stock had previously closed at C$0.20.
Arbor Metals Price Performance
The business has a 50 day simple moving average of C$0.16 and a 200 day simple moving average of C$0.19. The stock has a market cap of C$31.37 million, a PE ratio of 38.00 and a beta of 1.78.
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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