Arc Minerals Limited (LON:ARCM – Get Free Report)’s stock price shot up 20% during mid-day trading on Wednesday . The company traded as high as GBX 0.50 and last traded at GBX 0.48. 47,235,445 shares traded hands during mid-day trading, an increase of 636% from the average session volume of 6,417,220 shares. The stock had previously closed at GBX 0.40.
Arc Minerals Stock Performance
The firm has a market cap of £13.53 million, a price-to-earnings ratio of -2.19 and a beta of 0.21. The company has a quick ratio of 5.56, a current ratio of 1.75 and a debt-to-equity ratio of 1.53. The stock has a fifty day moving average price of GBX 0.45 and a 200-day moving average price of GBX 0.53.
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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