Arkle Resources (LON:ARK) Hits New 12-Month High – Still a Buy?

Arkle Resources PLC (LON:ARKGet Free Report) reached a new 52-week high on Tuesday . The stock traded as high as GBX 0.88 and last traded at GBX 0.88, with a volume of 718602 shares changing hands. The stock had previously closed at GBX 0.83.

Arkle Resources Price Performance

The company has a 50-day moving average of GBX 0.64 and a two-hundred day moving average of GBX 0.53. The company has a market capitalization of £13.92 million, a PE ratio of -0.02 and a beta of 0.39.

Insider Activity at Arkle Resources

In other Arkle Resources news, insider David Cockbill acquired 2,500,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were acquired at an average cost of GBX 1 per share, for a total transaction of £25,000. 14.69% of the stock is owned by insiders.

Arkle Resources Company Profile

(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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