Arc Minerals (LON:ARCM) Shares Down 11.8% – What’s Next?

Arc Minerals Limited (LON:ARCM) dropped 11.8% during mid-day trading on Thursday . The stock traded as low as GBX 0.46 and last traded at GBX 0.46. Approximately 2,344,219 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 4,007,386 shares. The stock had previously closed at GBX 0.53.

Arc Minerals Stock Down 11.8%

The stock has a market capitalization of £6.70 million, a PE ratio of -1.85 and a beta of 0.03. The firm’s fifty day moving average is GBX 0.58 and its 200-day moving average is GBX 0.64. The company has a quick ratio of 5.56, a current ratio of 1.75 and a debt-to-equity ratio of 1.53.

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.