Shares of Arc Minerals Limited (LON:ARCM – Get Free Report) shot up 4.4% during mid-day trading on Monday . The company traded as high as GBX 1.82 ($0.02) and last traded at GBX 1.78 ($0.02). 14,418,968 shares changed hands during mid-day trading, an increase of 75% from the average session volume of 8,228,047 shares. The stock had previously closed at GBX 1.70 ($0.02).
Arc Minerals Stock Up 4.4 %
The business’s fifty day simple moving average is GBX 1.87 and its 200 day simple moving average is GBX 2.63. The stock has a market cap of £26.09 million, a price-to-earnings ratio of -307.50 and a beta of 0.55. The company has a current ratio of 0.48, a quick ratio of 5.56 and a debt-to-equity ratio of 38.25.
Insider Buying and Selling
In related news, insider Nick von Schirnding bought 1,112,347 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was bought at an average cost of GBX 2 ($0.03) per share, for a total transaction of £22,246.94 ($27,944.91). 12.35% of the stock is owned by insiders.
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.
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