Arc Minerals (LON:ARCM) Trading Down 0.4% – Should You Sell?

Arc Minerals Limited (LON:ARCM)’s share price was down 0.4% during trading on Tuesday . The company traded as low as GBX 1.12 ($0.02) and last traded at GBX 1.12 ($0.02). Approximately 3,249,864 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 4,153,781 shares. The stock had previously closed at GBX 1.13 ($0.02).

Arc Minerals Trading Down 0.4%

The business’s fifty day simple moving average is GBX 1.35 and its 200 day simple moving average is GBX 1.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.54 and a quick ratio of 5.56. The stock has a market cap of £16.55 million, a price-to-earnings ratio of 1.79 and a beta of 0.54.

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.