Shares of Arc Minerals Limited (LON:ARCM – Get Free Report) were up 15.6% on Friday . The company traded as high as GBX 0.59 and last traded at GBX 0.58. Approximately 19,859,633 shares changed hands during trading, an increase of 122% from the average daily volume of 8,946,805 shares. The stock had previously closed at GBX 0.50.
Arc Minerals Stock Up 15.6%
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 £14.22 million, a PE ratio of -2.31 and a beta of 0.08. The business has a fifty day moving average price of GBX 0.44 and a two-hundred day moving average price of 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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