Arbor Metals (CVE:ABR) Shares Up 34.6% – Here’s Why

Arbor Metals Corp. (CVE:ABRGet Free Report)’s share price was up 34.6% during mid-day trading on Monday . The stock traded as high as C$0.35 and last traded at C$0.35. Approximately 110,391 shares traded hands during trading, a decline of 38% from the average daily volume of 178,423 shares. The stock had previously closed at C$0.26.

Arbor Metals Price Performance

The stock has a market cap of C$27.24 million, a price-to-earnings ratio of 33.00 and a beta of 1.78. The stock’s 50-day moving average is C$0.17 and its 200-day moving average is C$0.19.

Arbor Metals Company Profile

(Get Free Report)

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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