Cobra Resources (LON:COBR) Insider Rupert Verco Acquires 250,000 Shares

Cobra Resources plc (LON:COBR) insider Rupert Verco bought 250,000 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was bought at an average cost of GBX 4 per share, for a total transaction of £10,000.

Cobra Resources Price Performance

Cobra Resources stock opened at GBX 3.96 on Friday. The business has a 50 day simple moving average of GBX 4.26 and a 200-day simple moving average of GBX 4.48. Cobra Resources plc has a 12 month low of GBX 2.20 and a 12 month high of GBX 6. The stock has a market capitalization of £41.98 million, a PE ratio of 198.00 and a beta of 0.47.

About Cobra Resources

Cobra is defining a unique multi-mineral resource at the Wudinna Gold and Rare Earth Project in South Australia’s Gawler Craton, a tier one mining and exploration jurisdiction which hosts several world-class mines. Cobra’s Wudinna tenements totalling 1,832 sq km, and other nearby tenement rights totalling 2,941 sq km, contain highly desirable and ionic rare earth mineralisation, amenable to low-cost, low impact in situ recovery mining, and critical to global decarbonisation. Additionally, Cobra holds a 213 sq km exploration tenement in northern Tasmania which is also considered highly prospective for ionic rare earth mineralisation.

Cobra’s Wudinna tenements also contain extensive orogenic gold mineralisation and are characterised by potentially open-pitable, high-grade gold intersections, with ready access to infrastructure.