Arkle Resources PLC (LON:ARK – Get Free Report)’s share price traded down 6.2% during trading on Wednesday . The stock traded as low as GBX 0.73 and last traded at GBX 0.73. 4,923,736 shares changed hands during trading, a decline of 34% from the average daily volume of 7,450,610 shares. The stock had previously closed at GBX 0.78.
Arkle Resources Stock Performance
The business’s 50 day moving average is GBX 0.73 and its 200-day moving average is GBX 0.60. The firm has a market capitalization of £11.61 million, a price-to-earnings ratio of -0.09 and a beta of 0.39.
Insiders Place Their Bets
In other news, insider David Cockbill bought 2,500,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was bought at an average price of GBX 1 per share, for a total transaction of £25,000. 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.
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