ARC Minerals Ltd (LON:ARCM) was down 0.8% during trading on Friday . The company traded as low as GBX 3.15 ($0.04) and last traded at GBX 3.20 ($0.04), approximately 1,025,863 shares were traded during trading. The stock had previously closed at GBX 3.23 ($0.04).
The company has a quick ratio of 0.35, a current ratio of 0.73 and a debt-to-equity ratio of 4.10. The business’s 50-day simple moving average is GBX 3.69 and its 200 day simple moving average is GBX 3.06. The firm has a market capitalization of $22.93 million and a P/E ratio of 10.67.
In other ARC Minerals news, insider Rémy Welschinger purchased 100,000 shares of ARC Minerals stock in a transaction on Tuesday, August 6th. The shares were acquired at an average cost of GBX 4 ($0.05) per share, for a total transaction of £4,000 ($5,226.71).
Arc Minerals Limited engages in the identification, evaluation, acquisition, and development of natural resource projects primarily in Africa. Its principal assets include the Kalaba copper-cobalt project covering an area of 1,000 square kilometers located in Zambia; and Misisi gold project comprising an area of 66 square kilometers of exploration license situated in the Democratic Republic of Congo.
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