Arkle Resources (LON:ARK) Trading Up 10.7% – Still a Buy?

Arkle Resources PLC (LON:ARKGet Free Report) rose 10.7% during mid-day trading on Saturday . The company traded as high as GBX 0.25 ($0.00) and last traded at GBX 0.25 ($0.00). Approximately 500,000 shares traded hands during trading, a decline of 65% from the average daily volume of 1,445,514 shares. The stock had previously closed at GBX 0.23 ($0.00).

Arkle Resources Trading Up 10.7 %

The stock has a 50-day moving average price of GBX 0.25 and a 200 day moving average price of GBX 0.24. The stock has a market capitalization of £1.41 million, a price-to-earnings ratio of -3.25 and a beta of 0.39.

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.

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