Arbor Metals (CVE:ABR) Trading Up 90% – Here’s What Happened

Arbor Metals Corp. (CVE:ABR)’s share price shot up 90% during trading on Thursday . The company traded as high as C$0.40 and last traded at C$0.38. 482,386 shares were traded during mid-day trading, an increase of 376% from the average session volume of 101,329 shares. The stock had previously closed at C$0.20.

Arbor Metals Trading Down 8.8%

The firm has a market cap of C$21.46 million, a price-to-earnings ratio of 26.00 and a beta of 1.78. The business’s 50-day simple moving average is C$0.17 and its two-hundred day simple moving average is 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.