Arctic Star Exploration (CVE:ADD) Stock Price Falls Significantly

Arctic Star Exploration Corp. (CVE:ADD – Get Free Report) experienced a notable decline of 33.3% during trading on Tuesday. The stock reached a low of C$0.01 and ultimately closed at the same price. During mid-day trading, around 166,000 shares changed hands, reflecting a decrease of 42% compared to the average daily trading volume of 284,025 shares. Prior to this downturn, the stock had closed at a value of C$0.02.

Arctic Star Exploration Trading Performance

The company currently holds a market capitalization of C$2.23 million, with a price-to-earnings ratio of -1.50, indicating negative earnings relative to its share price. It has a beta of 1.56, suggesting that the stock is 56% more volatile than the market overall. The business’s 50-day simple moving average stands at C$0.01, while the 200-day simple moving average is recorded at C$0.02. Furthermore, the company maintains a debt-to-equity ratio of 4.52, a current ratio of 0.32, and a quick ratio of 3.10, reflecting its financial leverage and liquidity positions.

About Arctic Star Exploration

(Get Free Report)

Arctic Star Exploration Corp. is a junior natural resource company focused on acquiring, exploring, and developing mineral properties in Canada and Finland. Its primary exploration targets include diamonds. The flagship project for the company is the Diagras diamond project, strategically located in the northeastern part of the rich Lac de Gras kimberlite field.

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