General Moly Inc. (NYSEMKT:GMO) CEO Bruce D. Hansen purchased 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 13th. The shares were acquired at an average cost of $0.26 per share, for a total transaction of $10,400.00. Following the purchase, the chief executive officer now owns 2,841,683 shares of the company’s stock, valued at $738,837.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

General Moly Inc. (NYSEMKT:GMO) opened at 0.2428 on Wednesday. General Moly Inc. has a 52-week low of $0.15 and a 52-week high of $0.47. The firm’s 50-day moving average is $0.28 and its 200-day moving average is $0.33. The company’s market cap is $26.85 million.

General Moly (NYSEMKT:GMO) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.02) EPS for the quarter. On average, equities research analysts anticipate that General Moly Inc. will post ($0.07) EPS for the current year.

About General Moly

General Moly, Inc is engaged in the business of the exploration, development and mining of properties containing molybdenum. The Company, through its subsidiary, Eureka Moly, LLC, holds interest in the Mt. Hope Project, a molybdenum property, located in Eureka County, Nevada. The Mt. Hope Project contains molybdenum reserves totaling approximately 1.4 billion pounds of which 1.2 billion pounds are estimated to be recoverable.

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