Arkle Resources (LON:ARK) Trading Down 6.7% – Should You Sell?

Arkle Resources PLC (LON:ARKGet Free Report) was down 6.7% during mid-day trading on Friday . The stock traded as low as GBX 0.49 and last traded at GBX 0.49. Approximately 963,944 shares were traded during trading, a decline of 85% from the average daily volume of 6,517,923 shares. The stock had previously closed at GBX 0.53.

Arkle Resources Stock Performance

The stock’s fifty day moving average price is GBX 0.44 and its two-hundred day moving average price is GBX 0.40. The company has a market cap of £7.54 million, a P/E ratio of -0.01 and a beta of 0.39.

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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