Arbor Metals (CVE:ABR) Shares Up 37.3% – Still a Buy?

Arbor Metals Corp. (CVE:ABR) shares shot up 37.3% on Tuesday . The company traded as high as C$0.36 and last traded at C$0.35. 320,311 shares were traded during mid-day trading, an increase of 163% from the average session volume of 121,952 shares. The stock had previously closed at C$0.26.

Arbor Metals Stock Up 37.3 %

The stock’s fifty day moving average price is C$0.31 and its 200 day moving average price is C$0.39. 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 stock has a market cap of C$24.03 million, a P/E ratio of -11.67 and a beta of -3.71.

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.