Arkle Resources (LON:ARK) Shares Up 12.8% – Time to Buy?

Arkle Resources PLC (LON:ARKGet Free Report) shot up 12.8% on Tuesday . The stock traded as high as GBX 0.79 and last traded at GBX 0.77. 7,841,317 shares changed hands during trading, a decline of 4% from the average session volume of 8,146,415 shares. The stock had previously closed at GBX 0.69.

Arkle Resources Stock Performance

The firm has a market cap of £11.76 million, a PE ratio of -0.02 and a beta of 0.39. The firm has a fifty day simple moving average of GBX 0.59 and a two-hundred day simple moving average of GBX 0.51.

Insider Activity at Arkle Resources

In related news, insider David Cockbill bought 2,500,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was purchased at an average price of GBX 1 per share, for a total transaction of £25,000. Company insiders own 18.06% of the company’s stock.

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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