Arkle Resources PLC (LON:ARK – Get Free Report)’s share price traded up 10.2% during trading on Wednesday . The stock traded as high as GBX 0.84 and last traded at GBX 0.84. 16,389,484 shares were traded during mid-day trading, an increase of 93% from the average session volume of 8,503,538 shares. The stock had previously closed at GBX 0.77.
Arkle Resources Stock Up 10.2%
The firm’s 50-day simple moving average is GBX 0.62 and its 200 day simple moving average is GBX 0.52. The stock has a market capitalization of £13.38 million, a P/E ratio of -0.02 and a beta of 0.39.
Insiders Place Their Bets
In related news, insider David Cockbill purchased 2,500,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average price of GBX 1 per share, with a total value of £25,000. Corporate insiders own 14.69% 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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