Shares of ARC Minerals Ltd (LON:ARCM) rose 0.2% during mid-day trading on Monday . The stock traded as high as GBX 4.48 ($0.06) and last traded at GBX 4.11 ($0.05). Approximately 14,339,187 shares were traded during mid-day trading, an increase of 82% from the average daily volume of 7,897,423 shares. The stock had previously closed at GBX 4.10 ($0.05).
The firm’s 50 day simple moving average is GBX 4.02 and its two-hundred day simple moving average is GBX 2.50. The company has a quick ratio of 3.67, a current ratio of 3.74 and a debt-to-equity ratio of 16.79. The stock has a market capitalization of $40.30 million and a P/E ratio of -1.28.
In other news, insider Rémy Welschinger purchased 100,000 shares of the stock in a transaction dated Tuesday, July 14th. The shares were bought at an average cost of GBX 289 ($3.78) per share, for a total transaction of £289,000 ($377,629.69).
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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