Arc Minerals (LON:ARCM) Shares Down 9.1% – What’s Next?

Shares of Arc Minerals Limited (LON:ARCMGet Free Report) traded down 9.1% during mid-day trading on Friday . The company traded as low as GBX 1.50 ($0.02) and last traded at GBX 1.50 ($0.02). 4,257,442 shares traded hands during trading, an increase of 3% from the average session volume of 4,151,608 shares. The stock had previously closed at GBX 1.65 ($0.02).

Arc Minerals Price Performance

The company has a debt-to-equity ratio of 0.77, a current ratio of 2.54 and a quick ratio of 5.56. The firm has a market capitalization of £21.75 million, a P/E ratio of -307.50 and a beta of 0.54. The company’s 50 day moving average price is GBX 1.30 and its 200 day moving average price is GBX 1.58.

About Arc Minerals

(Get Free Report)

Arc Minerals Limited engages in the identification, evaluation, acquisition, and development of mineral properties in Africa. It holds interests in the Zambia copper and cobalt projects; and 72.5% in the Zaco copper project located in Western part of the Zambian copper belt. Arc Minerals Limited is based in Road Town, British Virgin Islands.

Further Reading

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