Shares of Arc Minerals Limited (LON:ARCM – Get Free Report) were down 15.5% on Friday . The company traded as low as GBX 0.56 and last traded at GBX 0.60. 13,692,408 shares traded hands during mid-day trading, an increase of 52% from the average daily volume of 9,005,635 shares. The stock had previously closed at GBX 0.71.
Arc Minerals Stock Down 15.5%
The company has a quick ratio of 5.55, a current ratio of 1.75 and a debt-to-equity ratio of 1.53. The business has a 50-day simple moving average of GBX 0.48 and a 200-day simple moving average of GBX 0.55. The stock has a market cap of £14.76 million, a P/E ratio of -2.39 and a beta of 0.13.
Arc Minerals (LON:ARCM – Get Free Report) last released its quarterly earnings results on Friday, June 26th. The company reported GBX (0.47) EPS for the quarter.
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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