Arkle Resources (LON:ARK) Shares Down 9.4% – Should You Sell?

Shares of Arkle Resources PLC (LON:ARKGet Free Report) were down 9.4% during mid-day trading on Tuesday . The company traded as low as GBX 0.69 and last traded at GBX 0.72. Approximately 6,250,438 shares were traded during mid-day trading, a decline of 0% from the average daily volume of 6,278,918 shares. The stock had previously closed at GBX 0.80.

Arkle Resources Stock Performance

The company has a 50 day simple moving average of GBX 0.72 and a two-hundred day simple moving average of GBX 0.67. The firm has a market cap of £11.57 million, a PE ratio of -9.06 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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