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

Arc Minerals Limited (LON:ARCM) was down 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 traded hands 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 Trading Down 11.2%

The firm has a 50-day moving average of GBX 0.54 and a 200-day moving average of GBX 0.59. The company has a debt-to-equity ratio of 1.53, a quick ratio of 5.56 and a current ratio of 1.75. The firm has a market capitalization of £6.11 million, a P/E ratio of -1.68 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.