Arc Minerals (LON:ARCM) Stock Price Up 10.3% – Should You Buy?

Shares of Arc Minerals Limited (LON:ARCM) were up 10.3% during trading on Wednesday . The stock traded as high as GBX 0.50 and last traded at GBX 0.48. Approximately 5,937,157 shares were traded during mid-day trading, an increase of 27% from the average daily volume of 4,661,953 shares. The stock had previously closed at GBX 0.44.

Arc Minerals Price Performance

The stock has a market capitalization of £6.95 million, a PE ratio of -1.92 and a beta of 0.21. The company has a current ratio of 1.75, a quick ratio of 5.56 and a debt-to-equity ratio of 1.53. The company’s 50 day simple moving average is GBX 0.55 and its 200 day simple moving average is GBX 0.59.

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.