Arctic Star Exploration (CVE:ADD) Shares Up 50% – Here’s Why

Arctic Star Exploration Corp. (CVE:ADD)’s share price rose 50% on Saturday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 1,242,000 shares traded hands during 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 Stock Up 50.0 %

The company has a market cap of C$3.35 million, a price-to-earnings ratio of -1.50 and a beta of 1.56. The stock has a 50-day simple moving average of C$0.01 and a 200-day simple moving average of C$0.02. The company has a current ratio of 0.32, a quick ratio of 3.10 and a debt-to-equity ratio of 4.52.

Arctic Star Exploration Company Profile

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.