Arbor Metals (CVE:ABR) Shares Up 30.8% – What’s Next?

Arbor Metals Corp. (CVE:ABR)’s share price traded up 30.8% during mid-day trading on Monday . The stock traded as high as C$0.35 and last traded at C$0.34. 194,691 shares changed hands during mid-day trading, an increase of 5% from the average session volume of 185,781 shares. The stock had previously closed at C$0.26.

Arbor Metals Trading Up 30.8%

The company has a market cap of C$28.07 million, a P/E ratio of 34.00 and a beta of 1.78. The company has a 50-day simple moving average of C$0.17 and a 200 day simple 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.