Great Southern Copper (LON:GSCU) Stock Price Down 7.7% – Here’s Why

Great Southern Copper PLC (LON:GSCU) fell 7.7% during trading on Thursday . The stock traded as low as GBX 3.52 ($0.05) and last traded at GBX 3.60 ($0.05). 3,828,353 shares changed hands during trading, an increase of 5% from the average session volume of 3,630,938 shares. The stock had previously closed at GBX 3.90 ($0.05).

Great Southern Copper Stock Down 4.3%

The firm’s 50 day simple moving average is GBX 3.85 and its 200 day simple moving average is GBX 2.51. The company has a market capitalization of £16.78 million, a PE ratio of -0.01 and a beta of -0.41.

Insider Transactions at Great Southern Copper

In other news, insider Charles Richard William Bond acquired 379,822 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were acquired at an average price of GBX 5 ($0.07) per share, with a total value of £18,991.10 ($25,708.81). Corporate insiders own 74.30% of the company’s stock.

About Great Southern Copper

Great Southern Copper is a mineral exploration company focused on copper-gold deposits in Chile. The Company has the option to acquire rights to 100% of two projects that are prospective for large porphyry copper-gold deposits in the underexplored coastal belt of Chile, a globally significant mining jurisdiction and the world’s largest copper producer.