Arc Minerals (LON:ARCM) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Shares of Arc Minerals Limited (LON:ARCM) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 0.58 and traded as low as GBX 0.50. Arc Minerals shares last traded at GBX 0.53, with a volume of 6,394,579 shares trading hands.

Arc Minerals Trading Up 5.4%

The company has a quick ratio of 5.55, a current ratio of 5.03 and a debt-to-equity ratio of 2.19. The stock’s 50 day moving average is GBX 0.64 and its two-hundred day moving average is GBX 0.58. The company has a market capitalization of £12.96 million, a PE ratio of -1.29 and a beta of 0.09.

Arc Minerals (LON:ARCM) last posted its earnings results on Monday, September 21st. The company reported GBX (0.10) EPS 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.