Arctic Star Exploration (CVE:ADD) Shares Up 50% – Still a Buy?

Arctic Star Exploration Corp. (CVE:ADDGet Free Report)’s stock price rose 50% during mid-day trading on Friday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 1,242,000 shares were traded during mid-day trading, an increase of 462% from the average daily volume of 220,857 shares. The stock had previously closed at C$0.01.

Arctic Star Exploration Price Performance

The business has a fifty day moving average price of C$0.01 and a 200 day moving average price of C$0.02. The company has a debt-to-equity ratio of 4.52, a current ratio of 0.32 and a quick ratio of 3.10. The company has a market capitalization of C$3.35 million, a price-to-earnings ratio of -1.50 and a beta of 1.56.

Arctic Star Exploration Company Profile

(Get Free Report)

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.

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