Arbor Metals (CVE:ABR) Shares Up 90% – Here’s Why

Arbor Metals Corp. (CVE:ABR)’s share price rose 90% during trading on Thursday . 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 Stock Performance

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

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.