Arc Minerals Limited (LON:ARCM – Get Free Report) shot up 9% during trading on Tuesday . The stock traded as high as GBX 1.89 ($0.02) and last traded at GBX 1.83 ($0.02). 47,218,002 shares traded hands during trading, an increase of 412% from the average session volume of 9,217,950 shares. The stock had previously closed at GBX 1.68 ($0.02).
Arc Minerals Price Performance
The stock has a market cap of £26.83 million, a P/E ratio of -307.50 and a beta of 0.55. The company has a quick ratio of 5.56, a current ratio of 0.48 and a debt-to-equity ratio of 38.25. The business’s 50-day simple moving average is GBX 1.81 and its two-hundred day simple moving average is GBX 2.58.
Insider Activity at Arc Minerals
In related news, insider Nick von Schirnding acquired 1,112,347 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were bought at an average cost of GBX 2 ($0.03) per share, for a total transaction of £22,246.94 ($27,948.42). 12.35% of the stock is 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.
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