Arkle Resources (LON:ARK) Trading Down 8.7% – Here’s Why

Shares of Arkle Resources PLC (LON:ARKGet Free Report) fell 8.7% during trading on Wednesday . The company traded as low as GBX 0.50 and last traded at GBX 0.50. 14,270,001 shares traded hands during trading, an increase of 88% from the average session volume of 7,606,270 shares. The stock had previously closed at GBX 0.55.

Arkle Resources Stock Performance

The firm has a market capitalization of £7.37 million, a PE ratio of -0.01 and a beta of 0.39. The business’s 50 day moving average is GBX 0.46 and its two-hundred day moving average is GBX 0.41.

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. at the Stonepark Zinc Project.

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