Arbor Metals (CVE:ABR) Trading 90% Higher – Still a Buy?

Arbor Metals Corp. (CVE:ABR)’s stock price shot up 90% on Thursday . The stock traded as high as C$0.40 and last traded at C$0.38. 482,386 shares changed hands during trading, an increase of 376% from the average session volume of 101,329 shares. The stock had previously closed at C$0.20.

Arbor Metals Stock Up 90.0%

The stock has a 50 day simple moving average of C$0.17 and a 200 day simple moving average of C$0.19. The company has a market cap of C$31.37 million, a price-to-earnings ratio of 38.00 and a beta of 1.78.

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.