Arbor Metals (CVE:ABR) Shares Down 25% – Here’s Why

Arbor Metals Corp. (CVE:ABR) shares were down 25% during mid-day trading on Friday . The company traded as low as C$0.27 and last traded at C$0.29. Approximately 999,714 shares traded hands during mid-day trading, an increase of 423% from the average daily volume of 191,168 shares. The stock had previously closed at C$0.38.

Arbor Metals Stock Performance

The firm has a market capitalization of C$21.46 million, a price-to-earnings ratio of 26.00 and a beta of 1.78. The business 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.