Arkle Resources (LON:ARK) Trading 99% Higher – Here’s Why

Arkle Resources PLC (LON:ARKGet Free Report) shares shot up 99% on Wednesday . The company traded as high as GBX 0.45 ($0.01) and last traded at GBX 0.40 ($0.01). 11,840,916 shares traded hands during mid-day trading, an increase of 1,085% from the average session volume of 999,647 shares. The stock had previously closed at GBX 0.20 ($0.00).

Arkle Resources Stock Performance

The company has a market cap of £1.95 million, a price-to-earnings ratio of -3.68 and a beta of 0.39. The company has a 50-day simple moving average of GBX 0.25 and a 200-day simple moving average of GBX 0.24.

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.

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