Arkle Resources PLC (LON:ARK – Get Free Report) traded down 8.1% on Wednesday . The stock traded as low as GBX 0.71 and last traded at GBX 0.74. 9,610,195 shares were traded during trading, an increase of 16% from the average session volume of 8,290,943 shares. The stock had previously closed at GBX 0.80.
Arkle Resources Stock Down 10.4%
The company has a 50 day simple moving average of GBX 0.59 and a two-hundred day simple moving average of GBX 0.51. The company has a market capitalization of £10.91 million, a P/E ratio of -0.02 and a beta of 0.39.
Insiders Place Their Bets
In related news, insider David Cockbill acquired 2,500,000 shares of Arkle Resources stock in a transaction on Friday, May 22nd. The shares were bought at an average cost of GBX 1 per share, with a total value of £25,000. 18.06% 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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