Great Southern Copper (LON:GSCU) Stock Price Down 15.2% – Here’s What Happened

Great Southern Copper PLC (LON:GSCU) shares fell 15.2% during mid-day trading on Wednesday . The stock traded as low as GBX 2.80 ($0.04) and last traded at GBX 2.80 ($0.04). 1,734,662 shares changed hands during trading, a decline of 44% from the average session volume of 3,106,064 shares. The stock had previously closed at GBX 3.30 ($0.04).

Great Southern Copper Stock Performance

The company has a market cap of £16.06 million, a P/E ratio of -3.00 and a beta of -0.41. The firm has a 50 day moving average price of GBX 2.66 and a 200-day moving average price of GBX 3.10.

Insider Activity

In other Great Southern Copper news, insider Nicholas Michael Briers acquired 428,481 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was acquired at an average price of GBX 2 per share, with a total value of £8,569.62. Company insiders own 3.47% 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.