Arc Minerals (LON:ARCM) Shares Up 8.3% – Still a Buy?

Arc Minerals Limited (LON:ARCM)’s share price rose 8.3% during trading on Friday . The stock traded as high as GBX 0.65 and last traded at GBX 0.65. 2,752,105 shares traded hands during trading, a decline of 67% from the average daily volume of 8,398,403 shares. The stock had previously closed at GBX 0.60.

Arc Minerals Trading Up 8.3%

The company has a market capitalization of £15.99 million, a PE ratio of -1.38 and a beta of 0.09. The business’s 50-day simple moving average is GBX 0.59 and its two-hundred day simple moving average is GBX 0.56.

Arc Minerals (LON:ARCM) last issued its quarterly earnings data on Friday, June 26th. The company reported GBX (0.47) earnings per share for the quarter.

Arc Minerals Company Profile

Arc Minerals Ltd (LSE: ARCM) is an AIM-quoted copper exploration company focused on advancing high-potential copper assets in two of Africa’s premier copper jurisdictions. The Company’s portfolio includes the Virgo Project in Botswana’s Kalahari Copper Belt and the Kabompo West Project in Zambia’s Central African Copperbelt, both offering significant exploration upside. Led by an experienced team with expertise across mining, capital markets and African operations, Arc is progressing a clear value creation strategy through targeted geophysical programmes and drilling campaigns designed to unlock the potential of its highly prospective asset base.