Hamak Gold (LON:HAMA) Trading Down 6.9% – Time to Sell?

Hamak Gold Limited (LON:HAMAGet Free Report)’s stock price dropped 6.9% during mid-day trading on Tuesday . The company traded as low as GBX 1.45 and last traded at GBX 1.49. Approximately 1,708,795 shares changed hands during trading, a decline of 49% from the average daily volume of 3,374,906 shares. The stock had previously closed at GBX 1.60.

Hamak Gold Stock Down 6.9%

The stock has a market capitalization of £6.73 million, a PE ratio of -0.74 and a beta of 0.20. The firm’s fifty day moving average price is GBX 1.25 and its two-hundred day moving average price is GBX 2.54.

Insider Buying and Selling

In other Hamak Gold news, insider Nicholas Karl Smithson purchased 947,965 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were acquired at an average cost of GBX 1 per share, with a total value of £9,479.65. 21.87% of the stock is currently owned by insiders.

About Hamak Gold

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Hamak Strategy Ltd. (LSE: HAMA / OTCQB: HASTF), a Company combining traditional gold exploration in Africa with a Digital Asset Treasury Management strategy.

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