Taseko Mines (LON:TKO) Trading 7.1% Higher – Here’s Why

Shares of Taseko Mines Limited (LON:TKO) rose 7.1% during mid-day trading on Monday . The company traded as high as GBX 455.60 and last traded at GBX 454. Approximately 2,789 shares traded hands during trading, a decline of 69% from the average daily volume of 8,897 shares. The stock had previously closed at GBX 424.

Taseko Mines Price Performance

The company has a market capitalization of £1.82 billion, a price-to-earnings ratio of -55.56 and a beta of 1.89. The firm has a fifty day simple moving average of GBX 554.83 and a 200 day simple moving average of GBX 429.90.

Insider Activity

In related news, insider Russell Hallbauer sold 30,000 shares of Taseko Mines stock in a transaction on Thursday, March 5th. The shares were sold at an average price of GBX 567, for a total value of £170,100. 2.58% of the stock is owned by company insiders.

About Taseko Mines

Taseko Mines is a dynamic and growing mining company focused on the operation and development of copper mines in North America.

Headquartered in Vancouver, Taseko operates the state-of-the-art Gibraltar Mine (100% owned), the second largest copper mine in Canada, with a nearly 700-person workforce producing an average of 140 million pounds of copper and 2.5 million pounds of molybdenum per year.

In addition to the Yellowhead copper project and the Aley niobium project, Taseko is also advancing the Florence Copper project in Arizona – a near-term copper producer with an unparalleled energy, water and GHG profile per unit of production.