Arc Minerals (LON:ARCM) Trading Up 4.7% – Time to Buy?

Shares of Arc Minerals Limited (LON:ARCM – Get Free Report) shot up 4.7% during trading on Friday . The company traded as high as GBX 0.65 and last traded at GBX 0.58. 5,016,531 shares were traded during trading, a decline of 43% from the average daily volume of 8,736,942 shares. The stock had previously closed at GBX 0.55.

Arc Minerals Price Performance

The firm’s fifty day simple moving average is GBX 0.51 and its 200 day simple moving average is GBX 0.56. The company has a market capitalization of £14.17 million, a price-to-earnings ratio of -1.23 and a beta of 0.09.

Arc Minerals (LON:ARCM – Get Free Report) last issued its quarterly earnings results on Friday, June 26th. The company reported GBX (0.47) EPS for the quarter.

Arc Minerals Company Profile

(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.

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