Great Southern Copper (LON:GSCU) Stock Price Down 2.5% – Here’s Why

Great Southern Copper PLC (LON:GSCU)’s stock price was down 2.5% on Friday . The company traded as low as GBX 3.74 ($0.05) and last traded at GBX 3.76 ($0.05). Approximately 1,713,288 shares were traded during trading, a decline of 54% from the average daily volume of 3,684,902 shares. The stock had previously closed at GBX 3.85 ($0.05).

Great Southern Copper Trading Down 2.5%

The business’s 50 day simple moving average is GBX 3.83 and its two-hundred day simple moving average is GBX 2.44. The firm has a market capitalization of £18.29 million, a P/E ratio of -0.01 and a beta of -0.41.

Insider Transactions at Great Southern Copper

In related news, insider Charles Richard William Bond purchased 379,822 shares of Great Southern Copper stock in a transaction dated Tuesday, April 1st. The stock was purchased at an average cost of GBX 5 ($0.07) per share, for a total transaction of £18,991.10 ($25,227.28). Company insiders own 74.30% of the company’s stock.

Great Southern Copper Company Profile

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.