Arkle Resources (LON:ARK) Trading Up 99% – Still a Buy?

Arkle Resources PLC (LON:ARKGet Free Report)’s share price traded up 99% during mid-day trading on Wednesday . The stock traded as high as GBX 0.45 ($0.01) and last traded at GBX 0.40 ($0.01). 11,840,916 shares traded hands during trading, an increase of 1,085% from the average session volume of 999,647 shares. The stock had previously closed at GBX 0.20 ($0.00).

Arkle Resources Price Performance

The business’s 50 day simple moving average is GBX 0.25 and its 200 day simple moving average is GBX 0.24. The company has a market capitalization of £1.95 million, a price-to-earnings ratio of -3.68 and a beta of 0.39.

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.

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