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

Arkle Resources PLC (LON:ARKGet Free Report) shares traded up 12.8% during mid-day trading on Tuesday . The company traded as high as GBX 0.79 and last traded at GBX 0.77. 7,841,317 shares traded 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 stock has a fifty day moving average of GBX 0.59 and a 200-day moving average of GBX 0.51. The company has a market cap of £11.76 million, a PE ratio of -0.02 and a beta of 0.39.

Insider Buying and Selling at Arkle Resources

In other news, insider David Cockbill bought 2,500,000 shares of the stock in a transaction on Friday, May 22nd. The stock was acquired at an average cost of GBX 1 per share, for a total transaction of £25,000. Corporate 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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