Arkle Resources (LON:ARK) Trading 12.2% Higher Following Insider Buying Activity

Shares of Arkle Resources PLC (LON:ARK) shot up 12.2% during mid-day trading on Thursday after an insider bought additional shares in the company. The stock traded as high as GBX 0.64 and last traded at GBX 0.62. 2,705,022 shares traded hands during trading, a decline of 62% from the average session volume of 7,181,261 shares. The stock had previously closed at GBX 0.55.

Specifically, insider David Cockbill bought 2,400,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were acquired at an average cost of GBX 1 per share, for a total transaction of £24,000.

Arkle Resources Stock Performance

The firm has a market capitalization of £9.18 million, a PE ratio of -0.01 and a beta of 0.39. The firm has a fifty day moving average of GBX 0.56 and a 200 day moving average of GBX 0.47.

Arkle Resources Company Profile

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.