Shares of Arc Minerals Limited (LON:ARCM – Get Free Report) shot up 13.2% on Thursday . The stock traded as high as GBX 0.71 and last traded at GBX 0.71. 2,511,393 shares were traded during mid-day trading, a decline of 72% from the average session volume of 8,966,578 shares. The stock had previously closed at GBX 0.63.
Arc Minerals Price Performance
The company has a debt-to-equity ratio of 1.53, a quick ratio of 5.55 and a current ratio of 1.75. The business has a 50 day moving average price of GBX 0.49 and a 200-day moving average price of GBX 0.55. The company has a market capitalization of £14.76 million, a price-to-earnings ratio of -2.39 and a beta of 0.13.
Arc Minerals (LON:ARCM – Get Free Report) last released its earnings results on Friday, June 26th. The company reported GBX (0.47) EPS for the quarter.
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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