Arkle Resources (LON:ARK) Trading Up 10.7% – Still a Buy?

Arkle Resources PLC (LON:ARK) was up 10.7% during mid-day trading on Saturday . The stock traded as high as GBX 0.25 ($0.00) and last traded at GBX 0.25 ($0.00). Approximately 500,000 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 1,445,514 shares. The stock had previously closed at GBX 0.23 ($0.00).

Arkle Resources Stock Up 10.7 %

The firm has a market cap of £1.41 million, a P/E ratio of -3.25 and a beta of 0.39. The company’s 50 day simple moving average is GBX 0.25 and its 200-day simple moving average is GBX 0.24.

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.