Arc Minerals (LON:ARCM) Stock Price Down 2% – Time to Sell?

Arc Minerals Limited (LON:ARCM) shares fell 2% during mid-day trading on Wednesday . The stock traded as low as GBX 1.20 ($0.02) and last traded at GBX 1.20 ($0.02). 427,305 shares traded hands during trading, a decline of 95% from the average session volume of 7,786,493 shares. The stock had previously closed at GBX 1.23 ($0.02).

Arc Minerals Stock Performance

The stock has a fifty day moving average price of GBX 1.57 and a 200 day moving average price of GBX 1.65. The company has a current ratio of 2.54, a quick ratio of 5.56 and a debt-to-equity ratio of 0.77. The firm has a market cap of £17.40 million, a price-to-earnings ratio of -307.50 and a beta of 0.54.

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.