Golden Prospect Precious Metal (LON:GPM) Trading Down 8.8% – Time to Sell?

Golden Prospect Precious Metal (LON:GPM)’s share price dropped 8.8% during trading on Tuesday . The company traded as low as GBX 70 ($0.93) and last traded at GBX 71.20 ($0.95). Approximately 450,165 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 728,126 shares. The stock had previously closed at GBX 78.10 ($1.04).

Golden Prospect Precious Metal Trading Down 10.4%

The stock has a 50 day simple moving average of GBX 80.36 and a 200 day simple moving average of GBX 64.18. The firm has a market capitalization of £65.27 million and a PE ratio of 8.84.

Golden Prospect Precious Metal (LON:GPM) last announced its quarterly earnings results on Friday, September 12th. The company reported GBX 23.92 EPS for the quarter. Golden Prospect Precious Metal had a negative return on equity of 4.42% and a net margin of 127.97%.

Insider Buying and Selling

In other Golden Prospect Precious Metal news, insider Toby Birch bought 10,400 shares of Golden Prospect Precious Metal stock in a transaction dated Monday, September 22nd. The shares were purchased at an average cost of GBX 82 per share, with a total value of £8,528. 1.61% of the stock is owned by company insiders.

Golden Prospect Precious Metal Company Profile

Golden Prospect Precious Metals (LSE:GPM) investment trust is a closed-end investment company, which invests in gold and precious metals companies.

The fund is run by experienced fund managers – Keith Watson and Robert Crayfourd and seeks to provide investors with capital growth, from a portfolio of companies involved in the gold and precious metals sector.