Arbor Metals (CVE:ABR) Trading 90% Higher – Here’s What Happened

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

Arbor Metals Price Performance

The firm has a market capitalization of C$31.37 million, a price-to-earnings ratio of 38.00 and a beta of 1.78. The stock has a fifty day moving average of C$0.17 and a two-hundred day moving average of C$0.19.

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.