Hamak Gold (LON:HAMA) Shares Down 11.1% – Should You Sell?

Shares of Hamak Gold Limited (LON:HAMAGet Free Report) were down 11.1% during trading on Friday . The stock traded as low as GBX 0.80 and last traded at GBX 0.80. Approximately 581,980 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 2,064,770 shares. The stock had previously closed at GBX 0.90.

Hamak Gold Stock Down 9.4%

The stock has a market capitalization of £3.68 million, a P/E ratio of -0.41 and a beta of 0.20. The firm has a 50-day moving average of GBX 0.94 and a 200 day moving average of GBX 1.16.

Insider Activity

In related news, insider Mike Murphy sold 750,000 shares of Hamak Gold stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of GBX 1, for a total value of £7,500. Insiders own 21.87% of the company’s stock.

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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