Hamak Gold (LON:HAMA) Shares Up 18.1% – Still a Buy?

Hamak Gold Limited (LON:HAMAGet Free Report) shares were up 18.1% during mid-day trading on Wednesday . The stock traded as high as GBX 1.18 and last traded at GBX 1.18. Approximately 760,486 shares were traded during trading, a decline of 77% from the average daily volume of 3,250,764 shares. The stock had previously closed at GBX 1.

Hamak Gold Trading Down 5.6%

The company has a market cap of £5.12 million, a price-to-earnings ratio of -0.57 and a beta of 0.20. The stock’s 50 day moving average price is GBX 1.28 and its 200 day moving average price is GBX 2.16.

Insider Buying and Selling at Hamak Gold

In other news, insider Nicholas Karl Smithson purchased 947,965 shares of the company’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. Company insiders own 21.87% of the company’s stock.

About Hamak Gold

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

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