Arkle Resources (LON:ARK) Insider Acquires £24,000 in Stock

Key Points

  • Insider purchase: David Cockbill acquired 2,400,000 shares at GBX 1 each on April 22, totaling £24,000.
  • Share trading: Shares opened at GBX 0.56 and were trading up 1.8%; the 50-day SMA is GBX 0.56, the 200-day SMA GBX 0.47, market cap £8.33m and 1-year range GBX 0.20–0.73.
  • Business profile: Arkle is a diversified exploration company focused on gold and zinc projects in Ireland, with 100% owned gold projects (Mine River, Inishowen) and joint ventures at Oldcastle and Stonepark.

Arkle Resources PLC (LON:ARK - Get Free Report) insider David Cockbill acquired 2,400,000 shares of the stock in a transaction dated Wednesday, April 22nd. The stock was bought at an average price of GBX 1 per share, for a total transaction of £24,000.

Arkle Resources Trading Up 1.8%

Shares of Arkle Resources stock opened at GBX 0.56 on Friday. The company's fifty day simple moving average is GBX 0.56 and its 200-day simple moving average is GBX 0.47. The company has a market cap of £8.33 million, a price-to-earnings ratio of -0.01 and a beta of 0.39. Arkle Resources PLC has a 1 year low of GBX 0.20 and a 1 year high of GBX 0.73.

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. at the Stonepark Zinc Project.

Further Reading

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