Arctic Star Exploration (CVE:ADD) Stock Price Down 20% – Should You Sell?

Shares of Arctic Star Exploration Corp. (CVE:ADD) fell 20% on Friday . The company traded as low as C$0.02 and last traded at C$0.02. 535,257 shares changed hands during mid-day trading, an increase of 190% from the average session 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 company has a quick ratio of 3.10, a current ratio of 0.32 and a debt-to-equity ratio of 4.52. 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.

About Arctic Star Exploration

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.