Shares of Arbor Metals Corp. (CVE:ABR – Get Free Report) shot up 34.6% during trading on Monday . The company traded as high as C$0.35 and last traded at C$0.35. 110,691 shares were traded during trading, a decline of 38% from the average session volume of 178,756 shares. The stock had previously closed at C$0.26.
Arbor Metals Stock Up 26.9%
The company has a 50 day moving average price of C$0.17 and a 200-day moving average price of C$0.19. The company has a market cap of C$27.24 million, a price-to-earnings ratio of 33.00 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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