Arbor Metals (CVE:ABR) Stock Price Down 25% – What’s Next?

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

Arbor Metals Stock Performance

The firm has a fifty day simple moving average of C$0.17 and a 200 day simple moving average of C$0.19. The company has a market cap of C$21.46 million, a PE ratio of 26.00 and a beta of 1.78.

About Arbor Metals

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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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