Arc Minerals (LON:ARCM) Trading 10% Higher – Still a Buy?

Arc Minerals Limited (LON:ARCM) shares shot up 10% during mid-day trading on Monday . The stock traded as high as GBX 1.59 ($0.02) and last traded at GBX 1.59 ($0.02). 6,637,959 shares were traded during trading, an increase of 63% from the average session volume of 4,078,118 shares. The stock had previously closed at GBX 1.45 ($0.02).

Arc Minerals Stock Performance

The stock has a market capitalization of £23.47 million, a PE ratio of 2.54 and a beta of 0.54. The company has a quick ratio of 5.56, a current ratio of 2.54 and a debt-to-equity ratio of 0.77. The stock has a fifty day moving average of GBX 1.50 and a 200-day moving average of GBX 1.55.

Arc Minerals Company Profile

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.