Arc Minerals (LON:ARCM) Shares Up 26.7%

Arc Minerals Limited (LON:ARCM)’s stock price traded up 26.7% during trading on Wednesday . The stock traded as high as GBX 1.57 ($0.02) and last traded at GBX 1.52 ($0.02). 80,906,742 shares were traded during mid-day trading, an increase of 670% from the average session volume of 10,507,058 shares. The stock had previously closed at GBX 1.20 ($0.02).

Arc Minerals Price Performance

The business’s 50-day simple moving average is GBX 1.77 and its two-hundred day simple moving average is GBX 2.21. The stock has a market cap of £21.20 million, a price-to-earnings ratio of -307.50 and a beta of 0.50. The company has a debt-to-equity ratio of 38.25, a current ratio of 0.48 and a quick ratio of 5.56.

Insider Activity at Arc Minerals

In other news, insider Nick von Schirnding bought 1,112,347 shares of the stock in a transaction on Friday, April 5th. The stock was acquired at an average price of GBX 2 ($0.03) per share, with a total value of £22,246.94 ($28,268.03). 13.29% of the stock is currently owned by company insiders.

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.