Arc Minerals (LON:ARCM) Stock Price Down 4.9% – What’s Next?

Shares of Arc Minerals Limited (LON:ARCM) dropped 4.9% on Friday . The company traded as low as GBX 0.47 and last traded at GBX 0.52. Approximately 7,861,196 shares changed hands during trading, an increase of 82% from the average daily volume of 4,320,621 shares. The stock had previously closed at GBX 0.55.

Arc Minerals Trading Down 17.3%

The business has a 50-day moving average of GBX 0.56 and a two-hundred day moving average of GBX 0.61. The company has a quick ratio of 5.56, a current ratio of 1.75 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of £6.59 million, a price-to-earnings ratio of -1.82 and a beta of 0.21.

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.