Arc Minerals (LON:ARCM) Reaches New 12-Month Low – Time to Sell?

Shares of Arc Minerals Limited (LON:ARCM) reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 1.05 ($0.01) and last traded at GBX 1.13 ($0.01), with a volume of 17444889 shares changing hands. The stock had previously closed at GBX 1.13 ($0.01).

Arc Minerals Stock Performance

The stock has a 50-day simple moving average of GBX 1.51 and a 200-day simple moving average of GBX 1.62. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.54 and a quick ratio of 5.56. The stock has a market cap of £16.31 million, a PE 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.