Arc Minerals (LON:ARCM) Trading Down 4.8% – Here’s What Happened

Arc Minerals Limited (LON:ARCMGet Free Report)’s stock price fell 4.8% during mid-day trading on Thursday . The stock traded as low as GBX 0.48 ($0.01) and last traded at GBX 0.50 ($0.01). 26,672,945 shares traded hands during mid-day trading, an increase of 457% from the average session volume of 4,790,496 shares. The stock had previously closed at GBX 0.53 ($0.01).

Arc Minerals Stock Performance

The stock has a market capitalization of £7.08 million, a PE ratio of -3.26 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. The firm has a 50 day moving average price of GBX 1.06 and a 200-day moving average price of GBX 1.15.

Arc Minerals (LON:ARCMGet Free Report) last announced its quarterly earnings data on Thursday, September 25th. The company reported GBX (0.16) earnings per share (EPS) for the quarter.

About Arc Minerals

(Get Free Report)

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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