Great Southern Copper (LON:GSCU) Trading Down 15.6% – Here’s Why

Shares of Great Southern Copper PLC (LON:GSCU) traded down 15.6% during mid-day trading on Tuesday . The stock traded as low as GBX 1.75 and last traded at GBX 1.90. 20,630,672 shares changed hands during trading, an increase of 772% from the average daily volume of 2,365,172 shares. The stock had previously closed at GBX 2.25.

Great Southern Copper Price Performance

The business’s 50 day moving average price is GBX 2.43 and its 200-day moving average price is GBX 2.63. The company has a market cap of £14.69 million, a P/E ratio of -4.65 and a beta of -0.41.

Great Southern Copper (LON:GSCU) last released its quarterly earnings results on Wednesday, July 29th. The company reported GBX (0.41) EPS for the quarter.

Insider Activity

In other Great Southern Copper news, insider Samuel James Melville Garrett purchased 300,000 shares of the stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of GBX 210 per share, for a total transaction of £630,000. Company insiders own 3.66% 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.