Arbor Metals (CVE:ABR) Trading Down 13.2% – Here’s Why

Arbor Metals Corp. (CVE:ABRGet Free Report) was down 13.2% on Thursday . The company traded as low as C$0.33 and last traded at C$0.33. Approximately 841,663 shares traded hands during trading, an increase of 382% from the average daily volume of 174,562 shares. The stock had previously closed at C$0.38.

Arbor Metals Trading Down 25.0%

The firm has a market capitalization of C$23.53 million, a price-to-earnings ratio of 28.50 and a beta of 1.78. The stock has a fifty day moving average price of C$0.17 and a 200-day moving average price of C$0.19.

Arbor Metals Company Profile

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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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