Arkle Resources PLC (LON:ARK – Get Free Report) shares fell 9.8% on Tuesday . The company traded as low as GBX 0.66 and last traded at GBX 0.70. 4,082,996 shares changed hands during trading, a decline of 49% from the average session volume of 7,951,635 shares. The stock had previously closed at GBX 0.78.
Arkle Resources Stock Down 9.8%
The firm has a market capitalization of £11.08 million, a price-to-earnings ratio of -0.02 and a beta of 0.39. The company has a 50-day moving average price of GBX 0.66 and a 200-day moving average price of GBX 0.55.
Insiders Place Their Bets
In related news, insider David Cockbill purchased 2,500,000 shares of Arkle Resources stock in a transaction dated Friday, May 22nd. The stock was bought at an average cost of GBX 1 per share, with a total value of £25,000. 14.69% of the stock is owned by 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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