Arctic Star Exploration (CVE:ADD) Stock Price Up 50% – Should You Buy?

Shares of Arctic Star Exploration Corp. (CVE:ADD) rose 50% during mid-day trading on Friday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 126,225 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 308,083 shares. The stock had previously closed at C$0.01.

Arctic Star Exploration Price Performance

The company has a market cap of C$3.35 million, a PE ratio of -1.50 and a beta of 1.56. The company has a debt-to-equity ratio of 4.52, a quick ratio of 3.10 and a current ratio of 0.32. The stock has a 50 day moving average of C$0.02 and a 200-day moving average of C$0.01.

About Arctic Star Exploration

Arctic Star Exploration Corp., a junior natural resource company, acquires, explores, and develops mineral properties in Canada and Finland. It primarily explores for diamond. The company’s flagship project is the Diagras diamond project located in the north-eastern part of the prolific Lac de Gras kimberlite field.