Arctic Star Exploration (CVE:ADD) Stock Price Down 25% – Here’s Why

Arctic Star Exploration Corp. (CVE:ADDGet Free Report)’s share price fell 25% during mid-day trading on Friday . The stock traded as low as C$0.02 and last traded at C$0.02. 258,296 shares were traded during trading, an increase of 47% from the average session volume of 175,609 shares. The stock had previously closed at C$0.02.

Arctic Star Exploration Price Performance

The stock’s fifty day moving average price is C$0.01 and its 200-day moving average price is C$0.01. The company has a current ratio of 0.32, a quick ratio of 3.10 and a debt-to-equity ratio of 4.52. The firm has a market cap of C$3.35 million, a price-to-earnings ratio of -1.50 and a beta of 1.56.

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.

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