Arc Minerals Limited (LON:ARCM – Get Free Report)’s stock price dropped 7.3% during trading on Wednesday . The company traded as low as GBX 0.67 and last traded at GBX 0.70. Approximately 3,107,436 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 7,023,119 shares. The stock had previously closed at GBX 0.75.
Arc Minerals Trading Up 3.6%
The company has a current ratio of 2.54, a quick ratio of 5.56 and a debt-to-equity ratio of 0.77. The business has a 50 day moving average price of GBX 0.49 and a 200-day moving average price of GBX 0.83. The firm has a market capitalization of £10.12 million, a PE ratio of -2.79 and a beta of 0.54.
About Arc Minerals
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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