Arc Minerals (LON:ARCM) Stock Falls 11.2% – Here’s What Happened

Shares of Arc Minerals Limited (LON:ARCM) dropped 11.2% on Monday. The stock traded as low as GBX 0.50 and last traded at GBX 0.53. Approximately 6,394,579 shares were traded during trading, a decline of 10% from the average daily volume of 7,093,029 shares. The stock had previously closed at GBX 0.60.

Arc Minerals Stock Performance

The company has a market cap of £13.11 million, a PE ratio of -1.30 and a beta of 0.09. The firm’s fifty day moving average is GBX 0.65 and its 200 day moving average is GBX 0.57. The company has a current ratio of 5.03, a quick ratio of 5.55 and a debt-to-equity ratio of 2.19.

Arc Minerals (LON:ARCM) last released its earnings results on Monday, September 21st. The company reported GBX (0.10) earnings per share for the quarter.

Arc Minerals Company Profile

Arc Minerals Ltd (LSE: ARCM) is an AIM-quoted copper exploration company focused on advancing high-potential copper assets in two of Africa’s premier copper jurisdictions. The Company’s portfolio includes the Virgo Project in Botswana’s Kalahari Copper Belt and the Kabompo West Project in Zambia’s Central African Copperbelt, both offering significant exploration upside. Led by an experienced team with expertise across mining, capital markets and African operations, Arc is progressing a clear value creation strategy through targeted geophysical programmes and drilling campaigns designed to unlock the potential of its highly prospective asset base.