Insider Buying: Arkle Resources (LON:ARK) Insider Buys 2,500,000 Shares of Stock

Key Points

  • Insider buying: David Cockbill bought 2,500,000 shares of Arkle Resources on May 22 at GBX 1 per share, costing £25,000. He had also purchased 2,400,000 shares in April, suggesting repeated insider confidence.
  • Share performance: Arkle Resources was up 1.1% and opened at GBX 0.73, near its 1-year high of GBX 0.75. The stock remains well above its 50-day and 200-day moving averages.
  • Company profile: Arkle Resources is a diversified exploration company focused on gold and zinc projects in Ireland. Its assets include two wholly owned gold projects and joint ventures on zinc projects with Teck Ireland and Group Eleven Resources.

Arkle Resources PLC (LON:ARK - Get Free Report) insider David Cockbill acquired 2,500,000 shares of Arkle Resources stock in a transaction dated Friday, May 22nd. The stock was purchased at an average price of GBX 1 per share, with a total value of £25,000.

David Cockbill also recently made the following trade(s):

  • On Wednesday, April 22nd, David Cockbill acquired 2,400,000 shares of Arkle Resources stock. The stock was purchased at an average price of GBX 1 per share, with a total value of £24,000.

Arkle Resources Trading Up 1.1%

Shares of Arkle Resources stock opened at GBX 0.73 on Wednesday. The firm has a fifty day simple moving average of GBX 0.58 and a 200-day simple moving average of GBX 0.50. Arkle Resources PLC has a 1-year low of GBX 0.22 and a 1-year high of GBX 0.75. The stock has a market capitalization of £11.07 million, a price-to-earnings ratio of -0.02 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. at the Stonepark Zinc Project.

Read More

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].

Insider Buying or Selling at Arkle Resources?
Sign-up to receive InsiderTrades.com's daily insider buying and selling report for Arkle Resources and related companies.
From Our Partners
Free Insider Buying and Selling Newsletter
Enter your email address below to receive InsiderTrades.com's daily insider buying and selling report.
From Our Partners

Most Read This Month

Recent Articles