Arkle Resources (LON:ARK) Trading Down 2.7% – Should You Sell?
by Mitch Edgeman · The Markets DailyArkle Resources PLC (LON:ARK – Get Free Report)’s stock price dropped 2.7% during mid-day trading on Wednesday . The stock traded as low as GBX 0.73 and last traded at GBX 0.73. 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 Stock Down 6.4%
The company has a 50-day moving average of GBX 0.73 and a 200 day moving average of GBX 0.63. The firm has a market capitalization of £11.20 million, a PE ratio of -8.77 and a beta of 0.39.
Insider Activity
In other Arkle Resources news, insider David Cockbill purchased 2,500,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was purchased at an average price of GBX 1 per share, for a total transaction of £25,000. Company insiders own 14.60% of the company’s stock.
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.