Great Southern Copper (LON:GSCU) Stock Price Down 5.4% – Here’s What Happened

Great Southern Copper PLC (LON:GSCU)’s share price was down 5.4% during trading on Monday . The company traded as low as GBX 3.31 and last traded at GBX 3.31. Approximately 7,671,990 shares traded hands during mid-day trading, an increase of 156% from the average daily volume of 2,997,661 shares. The stock had previously closed at GBX 3.50.

Great Southern Copper Stock Performance

The stock has a market cap of £21.92 million, a price-to-earnings ratio of -3.45 and a beta of -0.41. The business’s 50 day moving average is GBX 2.72 and its 200-day moving average is GBX 2.96.

Insider Activity

In related news, insider Charles Richard William Bond bought 736,856 shares of the company’s stock in a transaction dated Wednesday, March 25th. The shares were acquired at an average price of GBX 2 per share, for a total transaction of £14,737.12. 3.38% of the stock is currently owned by company insiders.

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.