Arctic Star Exploration (CVE:ADD) Trading Up 25% – Here’s Why

Arctic Star Exploration Corp. (CVE:ADDGet Free Report) shot up 25% on Thursday . The stock traded as high as C$0.03 and last traded at C$0.03. 1,049,003 shares were traded during mid-day trading, an increase of 492% from the average session volume of 177,260 shares. The stock had previously closed at C$0.02.

Arctic Star Exploration Price Performance

The company’s fifty day moving average is C$0.01 and its two-hundred day moving average is C$0.01. 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 firm has a market capitalization of C$5.58 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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