Arc Minerals (LON:ARCM) Shares Down 9.1% – Here’s Why

Shares of Arc Minerals Limited (LON:ARCM) traded down 9.1% during trading on Friday . The company traded as low as GBX 1.50 ($0.02) and last traded at GBX 1.50 ($0.02). 4,257,442 shares traded hands during mid-day trading, an increase of 3% from the average session volume of 4,151,608 shares. The stock had previously closed at GBX 1.65 ($0.02).

Arc Minerals Trading Down 9.1 %

The business has a 50 day moving average price of GBX 1.30 and a 200 day moving average price of GBX 1.58. The company has a market capitalization of £21.75 million, a P/E ratio of -307.50 and a beta of 0.54. The company has a current ratio of 2.54, a quick ratio of 5.56 and a debt-to-equity ratio of 0.77.

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.