Arbor Metals (CVE:ABR) Shares Down 11.5% – Should You Sell?

Arbor Metals Corp. (CVE:ABR) dropped 11.5% on Monday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 218,938 shares changed hands during trading, an increase of 116% from the average session volume of 101,200 shares. The stock had previously closed at C$0.13.

Arbor Metals Price Performance

The firm has a market cap of C$12.15 million, a P/E ratio of 18.31 and a beta of 1.33. The business has a fifty day simple moving average of C$0.13 and a 200-day simple moving average of C$0.16.

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.