Arc Minerals (LON:ARCM) Trading Down 12.6% – Here’s Why

Arc Minerals Limited (LON:ARCM) shares dropped 12.6% on Friday . The company traded as low as GBX 0.41 and last traded at GBX 0.42. Approximately 3,250,085 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 4,780,238 shares. The stock had previously closed at GBX 0.48.

Arc Minerals Stock Performance

The company has a market cap of £5.94 million, a price-to-earnings ratio of -1.64 and a beta of 0.21. The stock’s fifty day simple moving average is GBX 0.54 and its two-hundred day simple moving average is GBX 0.58. The company has a debt-to-equity ratio of 1.53, a quick ratio of 5.56 and a current ratio of 1.75.

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.