Great Southern Copper (LON:GSCU) Stock Price Up 4.5% – Still a Buy?

Great Southern Copper PLC (LON:GSCU) rose 4.5% during trading on Wednesday . The stock traded as high as GBX 2.90 and last traded at GBX 2.90. Approximately 357,582 shares changed hands during trading, a decline of 87% from the average daily volume of 2,807,502 shares. The stock had previously closed at GBX 2.78.

Great Southern Copper Price Performance

The stock has a market capitalization of £20.78 million, a price-to-earnings ratio of -3.05 and a beta of -0.41. The firm has a 50-day moving average of GBX 2.82 and a 200 day moving average of GBX 2.92.

Insider Buying and Selling

In other Great Southern Copper news, insider Charles Richard William Bond acquired 736,856 shares of the business’s stock in a transaction dated Wednesday, March 25th. The stock was bought at an average cost of GBX 2 per share, with a total value of £14,737.12. Also, insider Nicholas Michael Briers sold 833,333 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of GBX 3, for a total value of £24,999.99. Company insiders own 3.36% of the company’s stock.

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.