Arctic Star Exploration (CVE:ADD) Trading Down 20% – What’s Next?

Arctic Star Exploration Corp. (CVE:ADDGet Free Report)’s share price dropped 20% during trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 535,257 shares traded hands during mid-day trading, an increase of 190% from the average daily volume of 184,877 shares. The stock had previously closed at C$0.03.

Arctic Star Exploration Stock Performance

The firm has a market cap of C$4.46 million, a PE ratio of -1.50 and a beta of 1.56. The business has a 50 day simple moving average of C$0.01 and a two-hundred day simple moving average of C$0.01. The company has a quick ratio of 3.10, a current ratio of 0.32 and a debt-to-equity ratio of 4.52.

About Arctic Star Exploration

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Arctic Star Exploration Corp., a junior natural resource company, acquires, explores, and develops mineral properties in Canada and Finland. It primarily explores for diamond. The company’s flagship project is the Diagras diamond project located in the north-eastern part of the prolific Lac de Gras kimberlite field.

Further Reading

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