Arbor Metals (CVE:ABR) Shares Up 30.8% – Here’s What Happened

Arbor Metals Corp. (CVE:ABR) shares traded up 30.8% on Monday . The company traded as high as C$0.35 and last traded at C$0.34. 194,691 shares traded hands during 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 Price Performance

The business’s 50 day simple moving average is C$0.18 and its 200-day simple moving average is C$0.19. The stock has a market capitalization of C$27.24 million, a P/E ratio of 33.00 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.