Great Southern Copper (LON:GSCU) Stock Price Down 15.6% – Time to Sell?

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

Great Southern Copper Stock Performance

The stock has a market cap of £15.07 million, a P/E ratio of -4.76 and a beta of -0.41. The firm’s fifty day simple moving average is GBX 2.39 and its 200-day simple moving average is GBX 2.61.

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

Insider Buying and Selling

In related news, insider Samuel James Melville Garrett purchased 175,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was purchased at an average cost of GBX 212 per share, with a total value of £371,000. Insiders own 3.66% of the company’s stock.

About Great Southern Copper

(Get Free Report)

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.

Further Reading

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