Arc Minerals Limited (LON:ARCM – Get Free Report) dropped 5.5% on Thursday . The company traded as low as GBX 0.60 and last traded at GBX 0.69. Approximately 12,698,402 shares were traded during mid-day trading, an increase of 108% from the average daily volume of 6,106,315 shares. The stock had previously closed at GBX 0.73.
Arc Minerals Trading Down 3.8%
The firm has a market capitalization of £9.05 million, a PE ratio of -2.49 and a beta of 0.54. The firm has a 50 day simple moving average of GBX 0.56 and a 200 day simple moving average of GBX 0.79. The company has a current ratio of 2.54, a quick ratio of 5.56 and a debt-to-equity ratio of 0.77.
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.
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