General Moly (NYSEAMERICAN:GMO) (TSE:GMO) issued its earnings results on Tuesday. The basic materials company reported ($0.01) earnings per share for the quarter, Bloomberg Earnings reports.
Shares of General Moly (NYSEAMERICAN GMO) opened at $0.41 on Wednesday. The stock has a market capitalization of $55.86, a PE ratio of -5.86 and a beta of 1.43. General Moly has a 52 week low of $0.28 and a 52 week high of $0.53.
Separately, HC Wainwright set a $1.00 price target on General Moly and gave the company a “buy” rating in a research note on Wednesday.
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General Moly, Inc is engaged in the business of the exploration, development and mining of properties containing molybdenum. The Company, through its subsidiary, Eureka Moly, LLC, holds interest in the Mt. Hope Project, a molybdenum property, located in Eureka County, Nevada. The Mt. Hope Project contains molybdenum reserves totaling approximately 1.4 billion pounds of which 1.2 billion pounds are estimated to be recoverable.
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