Arkle Resources PLC (LON:ARK – Get Free Report) shares were down 2.7% during mid-day trading on Wednesday . The company traded as low as GBX 0.73 and last traded at GBX 0.73. Approximately 11,520,448 shares traded hands during trading, an increase of 63% from the average daily volume of 7,068,705 shares. The stock had previously closed at GBX 0.75.
Arkle Resources Price Performance
The firm’s 50-day moving average price is GBX 0.73 and its 200 day moving average price is GBX 0.63. The firm has a market capitalization of £11.65 million, a price-to-earnings ratio of -9.12 and a beta of 0.39.
Insider Activity
In related news, insider David Cockbill bought 2,500,000 shares of Arkle Resources stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average price of GBX 1 per share, with a total value of £25,000. 14.60% of the stock is owned by corporate insiders.
Arkle Resources Company Profile
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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