Great Southern Copper (LON:GSCU) Shares Up 9.6% Following Insider Buying Activity

Shares of Great Southern Copper PLC (LON:GSCU) traded up 9.6% on Friday after an insider bought additional shares in the company. The company traded as high as GBX 1.90 and last traded at GBX 1.80. Approximately 8,039,401 shares traded hands during mid-day trading, an increase of 228% from the average daily volume of 2,454,046 shares. The stock had previously closed at GBX 1.64.

Specifically, insider Nicholas Michael Briers purchased 666,667 shares of the company’s stock in a transaction on Thursday, October 15th. The stock was acquired at an average price of GBX 2 per share, with a total value of £13,333.34. Also, insider Charles Richard William Bond purchased 666,667 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The stock was acquired at an average cost of GBX 2 per share, with a total value of £13,333.34. In other news, insider Samuel James Melville Garrett purchased 3,333,333 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The shares were bought at an average cost of GBX 2 per share, for a total transaction of £66,666.66.

Great Southern Copper Stock Performance

The company’s 50-day moving average is GBX 2.13 and its 200 day moving average is GBX 2.51. The company has a market capitalization of £13.90 million, a PE ratio of -4.39 and a beta of -0.41.

Great Southern Copper (LON:GSCU) last released its quarterly earnings data on Wednesday, July 29th. The company reported GBX (0.41) EPS for the quarter.

About Great Southern Copper

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.