Arc Minerals (LON:ARCM) Stock Price Down 7.4% – What’s Next?

Arc Minerals Limited (LON:ARCM) shares fell 7.4% during mid-day trading on Wednesday . The stock traded as low as GBX 1.25 ($0.02) and last traded at GBX 1.25 ($0.02). 1,162,972 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 2,701,396 shares. The stock had previously closed at GBX 1.35 ($0.02).

Arc Minerals Stock Down 1.9 %

The company has a current ratio of 2.54, a quick ratio of 5.56 and a debt-to-equity ratio of 0.77. The stock’s 50 day simple moving average is GBX 1.40 and its 200 day simple moving average is GBX 1.58. The stock has a market capitalization of £18.49 million, a P/E ratio of -307.50 and a beta of 0.54.

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.