Arc Minerals (LON:ARCM) Trading Down 14.3% – Time to Sell?

Arc Minerals Limited (LON:ARCMGet Free Report)’s stock price dropped 14.3% on Tuesday . The company traded as low as GBX 0.55 and last traded at GBX 0.60. Approximately 570,924 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 5,206,683 shares. The stock had previously closed at GBX 0.70.

Arc Minerals Trading Down 1.8%

The company’s 50-day moving average is GBX 0.62 and its 200-day moving average is GBX 0.75. The company has a debt-to-equity ratio of 0.77, a quick ratio of 5.56 and a current ratio of 2.54. The firm has a market cap of £8.53 million, a price-to-earnings ratio of -2.35 and a beta of 0.54.

About Arc Minerals

(Get Free Report)

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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