Arctic Star Exploration (CVE:ADD) Stock Experiences 33.3% Drop – An Overview

Arctic Star Exploration Corp. (CVE:ADD) saw a significant decline of 33.3% in its stock price during trading on Tuesday. The shares dropped as low as C$0.01 and closed at the same value. Throughout mid-day trading, about 166,000 shares were exchanged, marking a decrease of 42% compared to the average daily volume of 284,025 shares. Just the previous day, the stock had closed at C$0.02.

Market Performance of Arctic Star Exploration

The company holds a market capitalization of C$2.23 million, with a price-to-earnings ratio of -1.50 and a beta of 1.56, indicating its stock's volatility. Additionally, Arctic Star's 50-day simple moving average stands at C$0.01, while the 200-day simple moving average is noted at C$0.02. The company exhibits a debt-to-equity ratio of 4.52, a current ratio of 0.32, and a quick ratio of 3.10, suggesting potential liquidity challenges.

About Arctic Star Exploration Corp.

Arctic Star Exploration Corp. is a junior natural resource company focused on acquiring, developing, and exploring mineral properties in Canada and Finland. The firm primarily searches for diamonds, with its flagship project being the Diagras diamond project located in the northeastern region of the prolific Lac de Gras kimberlite field.

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