Hamak Gold (LON:HAMA) Reaches New 1-Year Low – Time to Sell?

Hamak Gold Limited (LON:HAMAGet Free Report) shares reached a new 52-week low on Monday . The company traded as low as GBX 0.60 and last traded at GBX 0.68, with a volume of 103502 shares trading hands. The stock had previously closed at GBX 0.70.

Hamak Gold Stock Down 7.7%

The firm has a market capitalization of £2.71 million, a price-to-earnings ratio of -0.60 and a beta of 0.20. The company has a 50-day moving average price of GBX 0.71 and a 200-day moving average price of GBX 0.91.

Insiders Place Their Bets

In other Hamak Gold news, insider Karl Smithson sold 2,222,223 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of GBX 1, for a total transaction of £22,222.23. 22.04% of the stock is 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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