Tertiary Minerals (LON:TYM) Trading Up 40% – Still a Buy?

Tertiary Minerals plc (LON:TYMGet Free Report) rose 40% during mid-day trading on Wednesday . The company traded as high as GBX 0.14 and last traded at GBX 0.13. Approximately 260,032,906 shares changed hands during trading, an increase of 113% from the average daily volume of 121,888,563 shares. The stock had previously closed at GBX 0.09.

Tertiary Minerals Price Performance

The business’s fifty day simple moving average is GBX 0.07 and its two-hundred day simple moving average is GBX 0.06. The company has a market cap of £5.77 million, a PE ratio of -5.60 and a beta of -0.50.

Insiders Place Their Bets

In other Tertiary Minerals news, insider Patrick Cheetham purchased 19,157,000 shares of the stock in a transaction on Thursday, November 13th. The shares were bought at an average price of GBX 5 per share, for a total transaction of £957,850. Insiders own 4.20% of the company’s stock.

About Tertiary Minerals

(Get Free Report)

Tertiary Minerals plc, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of mineral projects. It explores for base and precious metal, copper, gold, and silver deposits in Zambia and in Nevada. Tertiary Minerals plc was incorporated in 1999 and is headquartered in Macclesfield, the United Kingdom.

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