Shares of Arc Minerals Limited (LON:ARCM – Get Free Report) dropped 2% on Wednesday . The company traded as low as GBX 1.20 ($0.02) and last traded at GBX 1.20 ($0.02). Approximately 427,305 shares were traded during trading, a decline of 95% from the average daily volume of 7,786,493 shares. The stock had previously closed at GBX 1.23 ($0.02).
Arc Minerals Stock Performance
The company has a 50-day moving average price of GBX 1.56 and a two-hundred day moving average price of GBX 1.64. The stock has a market capitalization of £15.95 million, a P/E ratio of -307.50 and a beta of 0.54. The company has a quick ratio of 5.56, a current ratio of 2.54 and a debt-to-equity ratio of 0.77.
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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