Shares of Arc Minerals Limited (LON:ARCM – Get Free Report) dropped 4% on Friday . The company traded as low as GBX 0.45 and last traded at GBX 0.48. Approximately 62,090,152 shares traded hands during trading, an increase of 643% from the average daily volume of 8,359,389 shares. The stock had previously closed at GBX 0.50.
Arc Minerals Price Performance
The company has a debt-to-equity ratio of 1.53, a current ratio of 1.75 and a quick ratio of 5.56. The firm has a market cap of £11.81 million, a price-to-earnings ratio of -1.92 and a beta of 0.21. The business’s 50-day moving average price is GBX 0.45 and its two-hundred day moving average price is GBX 0.53.
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.
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