Veteran investors sells down stake in Teeling penny stock

Arkle Resources to begin drilling in Limerick at ‘largest undeveloped zinc deposit in Ireland’

Barry J Whyte

Chief Feature Writer @whytebarry
3rd May, 2020
Veteran investors sells down stake in Teeling penny stock
John Teeling: led a £250,000 fundraising in Arkle Resources. Picture: Fergal Phillips

Veteran English mining stock investors Paul and Michelle Johnson have sold down a chunk of John Teeling’s Arkle Resources, just after Teeling himself led a £250,000 fundraising in the company.

The Johnsons reduced their holding in the company from 11.12 per cent to 7.27 per cent, which would have earned them slightly more than £42,000 as the company’s share price hovered around 0.6 pence.

The company’s share price has since risen to a penny,...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Out of Office: New hospitality guidelines emerge and Trump’s truths

Business Donal MacNamee 17 hours ago

This working life: Sleep is not a luxury, it is a necessity for good business

Bernard Brogan’s PR firm falls short of directors’ hopes due to Covid-19