Arkle Resources (LON:ARK) Stock Price Down 8.1% – Here’s What Happened

Arkle Resources PLC (LON:ARKGet Free Report)’s stock price fell 8.1% during trading on Wednesday . The stock traded as low as GBX 0.71 and last traded at GBX 0.74. 9,610,195 shares changed hands during trading, an increase of 16% from the average session volume of 8,290,943 shares. The stock had previously closed at GBX 0.80.

Arkle Resources Stock Performance

The firm has a market capitalization of £10.89 million, a P/E ratio of -0.02 and a beta of 0.39. The stock’s 50 day simple moving average is GBX 0.60 and its 200 day simple moving average is GBX 0.51.

Insider Buying and Selling

In related news, insider David Cockbill bought 2,500,000 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were acquired at an average cost of GBX 1 per share, for a total transaction of £25,000. 18.06% of the stock is owned by corporate insiders.

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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