Arbor Metals (CVE:ABR) Stock Price Down 10.6% – Here’s Why

Arbor Metals Corp. (CVE:ABR) shares traded down 10.6% during mid-day trading on Friday . The stock traded as low as C$0.15 and last traded at C$0.15. 209,326 shares changed hands during trading, an increase of 147% from the average session volume of 84,602 shares. The stock had previously closed at C$0.17.

Arbor Metals Stock Performance

The firm has a market capitalization of C$13.21 million, a PE ratio of 20.51 and a beta of 1.26. The company has a fifty day moving average price of C$0.17 and a 200-day moving average price 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.