Shares of Arkle Resources PLC (ARK.L) (LON:ARK) dropped 4.5% during trading on Thursday . The company traded as low as GBX 1.05 ($0.01) and last traded at GBX 1.17 ($0.02). Approximately 4,246,066 shares changed hands during mid-day trading, an increase of 19% from the average daily volume of 3,559,283 shares. The stock had previously closed at GBX 1.23 ($0.02).
The stock’s 50-day moving average price is GBX 1.09 and its 200 day moving average price is GBX 0.99.
About Arkle Resources PLC (ARK.L) (LON:ARK)
Arkle Resources PLC, together with its subsidiaries, engages in the exploration and development of mineral resources in Ireland. It explores for gold, zinc, and lead deposits. The company holds 100% interests in the Mine River gold project that comprises 5 licenses covering an area of approximately 214 square kilometers in Wicklow and Wexford counties; the Inishowen gold project, which consists of two licenses covering an area of 84 square kilometers located on the Inishowen peninsula in Donegal County; and the Ladyswell project, which consists two licenses covering an area of 43 square kilometers in West Cork County.
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