Arkle Resources (LON:ARK) Trading Down 12.5% – What’s Next?

Arkle Resources PLC (LON:ARKGet Free Report) shares dropped 12.5% on Wednesday . The stock traded as low as GBX 0.18 ($0.00) and last traded at GBX 0.18 ($0.00). Approximately 206,728 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 1,605,914 shares. The stock had previously closed at GBX 0.20 ($0.00).

Arkle Resources Price Performance

The company’s fifty day simple moving average is GBX 0.24 and its 200-day simple moving average is GBX 0.25. The firm has a market capitalization of £988,417.50, a PE ratio of -3.25 and a beta of 0.39.

About Arkle Resources

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Arkle Resources PLC, together with its subsidiaries, engages in the exploration and development of mineral resources in Ireland. The company primarily explores for gold, zinc, lead, and lithium deposits. It holds various interests in 12 prospecting licences that covers an area of approximately 443 square kilometers across Ireland.

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