Great Southern Copper (LON:GSCU) Shares Up 9.9% – Still a Buy?

Great Southern Copper PLC (LON:GSCUGet Free Report)’s share price rose 9.9% during mid-day trading on Monday . The stock traded as high as GBX 3.20 and last traded at GBX 3. 2,011,886 shares changed hands during trading, a decline of 23% from the average session volume of 2,616,280 shares. The stock had previously closed at GBX 2.73.

Great Southern Copper Stock Performance

The company’s 50 day moving average price is GBX 2.75 and its 200 day moving average price is GBX 2.93. The company has a market cap of £23.09 million, a price-to-earnings ratio of -3.39 and a beta of -0.41.

Insider Activity at Great Southern Copper

In related news, insider Nicholas Michael Briers sold 833,333 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of GBX 3, for a total transaction of £24,999.99. 3.36% of the stock is owned by insiders.

Great Southern Copper Company Profile

(Get Free Report)

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.

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