Arkle Resources (LON:ARK) Sets New 52-Week High – Still a Buy?

Arkle Resources PLC (LON:ARKGet Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 0.88 and last traded at GBX 0.88, with a volume of 718602 shares. The stock had previously closed at GBX 0.82.

Arkle Resources Trading Down 4.7%

The company has a market cap of £11.92 million, a P/E ratio of -0.02 and a beta of 0.39. The business’s 50 day simple moving average is GBX 0.65 and its 200 day simple moving average is GBX 0.54.

Insider Activity

In other news, insider David Cockbill acquired 2,500,000 shares of Arkle Resources stock in a transaction dated Friday, May 22nd. The stock was purchased at an average cost of GBX 1 per share, with a total value of £25,000. 14.69% of the stock is currently owned by company insiders.

About Arkle Resources

(Get Free Report)

Arkle is a diversified exploration company with principal assets in gold and zinc exploration licences across Ireland. The Company has two 100% owned gold projects (Mine River and Inishowen) and is in joint venture with Teck Ireland Ltd. at the Oldcastle Zinc Project and with Group Eleven Resources Corp. at the Stonepark Zinc Project.

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