Shares of Great Southern Copper PLC (LON:GSCU – Get Free Report) fell 15.2% on Wednesday . The company traded as low as GBX 2.80 ($0.04) and last traded at GBX 2.80 ($0.04). 1,734,662 shares were traded during trading, a decline of 44% from the average session volume of 3,106,064 shares. The stock had previously closed at GBX 3.30 ($0.04).
Great Southern Copper Trading Down 15.2%
The stock has a fifty day moving average of GBX 2.66 and a two-hundred day moving average of GBX 3.10. The stock has a market capitalization of £16.06 million, a price-to-earnings ratio of -3.00 and a beta of -0.41.
Insiders Place Their Bets
In other Great Southern Copper news, insider Nicholas Michael Briers purchased 428,481 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was purchased at an average cost of GBX 2 per share, with a total value of £8,569.62. 3.47% of the stock is owned by corporate insiders.
Great Southern Copper Company Profile
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.
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