Hamak Gold (LON:HAMA) Shares Up 12.6% – Here’s Why

Shares of Hamak Gold Limited (LON:HAMA) rose 12.6% on Wednesday . The stock traded as high as GBX 1.80 and last traded at GBX 1.63. Approximately 4,068,710 shares changed hands during trading, an increase of 14% from the average daily volume of 3,554,057 shares. The stock had previously closed at GBX 1.45.

Hamak Gold Trading Up 6.2%

The stock’s 50-day moving average price is GBX 1.27 and its 200-day moving average price is GBX 2.53. The company has a market capitalization of £7.69 million, a P/E ratio of -0.85 and a beta of 0.20.

Insider Transactions at Hamak Gold

In related news, insider Nicholas Karl Smithson bought 947,965 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was bought at an average cost of GBX 1 per share, for a total transaction of £9,479.65. 21.87% of the stock is owned by corporate insiders.

Hamak Gold Company Profile

Hamak Strategy Ltd. (LSE: HAMA / OTCQB: HASTF), a Company combining traditional gold exploration in Africa with a Digital Asset Treasury Management strategy.