Arc Minerals (LON:ARCM) Stock Price Down 7.7% – Here’s Why

Shares of Arc Minerals Limited (LON:ARCM) traded down 7.7% on Monday. The company traded as low as GBX 0.55 and last traded at GBX 0.60. 4,071,241 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 7,344,469 shares. The stock had previously closed at GBX 0.65.

Arc Minerals Stock Performance

The company has a debt-to-equity ratio of 2.19, a current ratio of 5.03 and a quick ratio of 5.55. The company has a market capitalization of £14.76 million, a P/E ratio of -1.46 and a beta of 0.09. The company has a fifty day moving average price of GBX 0.65 and a two-hundred day moving average price of GBX 0.57.

Arc Minerals (LON:ARCM) last issued its quarterly earnings data on Monday, September 21st. The company reported GBX (0.10) earnings per share (EPS) for the quarter.

About Arc Minerals

Arc Minerals Ltd (LSE: ARCM) is an AIM-quoted copper exploration company focused on advancing high-potential copper assets in two of Africa’s premier copper jurisdictions. The Company’s portfolio includes the Virgo Project in Botswana’s Kalahari Copper Belt and the Kabompo West Project in Zambia’s Central African Copperbelt, both offering significant exploration upside. Led by an experienced team with expertise across mining, capital markets and African operations, Arc is progressing a clear value creation strategy through targeted geophysical programmes and drilling campaigns designed to unlock the potential of its highly prospective asset base.