Arc Minerals (LON:ARCM) Stock Price Down 4.1% – Here’s Why

Shares of Arc Minerals Limited (LON:ARCM) fell 4.1% during mid-day trading on Monday . The company traded as low as GBX 1.44 ($0.02) and last traded at GBX 1.46 ($0.02). 4,013,097 shares were traded during trading, a decline of 9% from the average session volume of 4,413,721 shares. The stock had previously closed at GBX 1.53 ($0.02).

Arc Minerals Price Performance

The stock’s 50-day moving average price is GBX 1.42 and its 200-day moving average price is GBX 1.58. The company has a market capitalization of £21.60 million, a price-to-earnings ratio of 2.34 and a beta of 0.54. The company has a quick ratio of 5.56, a current ratio of 2.54 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.