Arctic Star Exploration (CVE:ADD) Trading 25% Higher – Time to Buy?

Arctic Star Exploration Corp. (CVE:ADD) shares were up 25% during mid-day trading on Wednesday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 1,041,003 shares changed hands during trading, an increase of 488% from the average daily volume of 177,087 shares. The stock had previously closed at C$0.02.

Arctic Star Exploration Stock Performance

The firm has a fifty day moving average of C$0.01 and a 200-day moving average of 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 cap of C$4.46 million, a P/E ratio of -1.50 and a beta of 1.56.

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.