Arc Minerals (LON:ARCM) Trading Down 7.4% – What’s Next?

by · The Markets Daily

Arc Minerals Limited (LON:ARCM – Get Free Report)’s share price was down 7.4% during trading on Wednesday . The company traded as low as GBX 1.25 ($0.02) and last traded at GBX 1.25 ($0.02). Approximately 1,162,972 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 2,701,396 shares. The stock had previously closed at GBX 1.35 ($0.02).

Arc Minerals Trading Down 3.7 %

The firm has a market capitalization of £18.85 million, a price-to-earnings ratio of -307.50 and a beta of 0.54. The company has a debt-to-equity ratio of 0.77, a quick ratio of 5.56 and a current ratio of 2.54. The company has a 50 day moving average price of GBX 1.42 and a two-hundred day moving average price of 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.

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