Arkle Resources (LON:ARK) Trading Down 15.2% – Here’s Why

Arkle Resources PLC (LON:ARKGet Free Report) dropped 15.2% during mid-day trading on Tuesday . The company traded as low as GBX 0.68 and last traded at GBX 0.68. Approximately 7,466,306 shares were traded during mid-day trading, an increase of 16% from the average session volume of 6,454,498 shares. The stock had previously closed at GBX 0.80.

Arkle Resources Stock Down 15.2%

The company has a market capitalization of £10.82 million, a price-to-earnings ratio of -8.47 and a beta of 0.39. The business has a 50-day moving average price of GBX 0.72 and a 200-day moving average price of GBX 0.66.

About Arkle Resources

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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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