Arbor Metals (CVE:ABR) Trading 70% Higher – Still a Buy?

Arbor Metals Corp. (CVE:ABRGet Free Report) shares traded up 70% during trading on Wednesday . The company traded as high as C$0.40 and last traded at C$0.34. 442,269 shares were traded during trading, an increase of 379% from the average session volume of 92,316 shares. The stock had previously closed at C$0.20.

Arbor Metals Stock Performance

The stock has a market capitalization of C$21.46 million, a P/E ratio of 26.00 and a beta of 1.78. The stock has a 50-day moving average price of C$0.17 and a two-hundred day moving average price of C$0.19.

About Arbor Metals

(Get Free Report)

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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