Hamak Gold (LON:HAMA) Stock Price Down 8.9% – Here’s Why

Hamak Gold Limited (LON:HAMA) fell 8.9% during mid-day trading on Thursday . The company traded as low as GBX 0.70 and last traded at GBX 0.71. 3,562,427 shares changed hands during mid-day trading, an increase of 50% from the average session volume of 2,369,003 shares. The stock had previously closed at GBX 0.78.

Hamak Gold Price Performance

The stock has a market cap of £3.16 million, a P/E ratio of -0.70 and a beta of 0.20. The stock’s fifty day simple moving average is GBX 0.87 and its 200-day simple moving average is GBX 1.07.

Insider Activity

In other Hamak Gold news, insider Mike Murphy sold 750,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of GBX 1, for a total value of £7,500. Also, insider Karl Smithson sold 2,222,223 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of GBX 1, for a total transaction of £22,222.23. In the last 90 days, insiders sold 4,523,056 shares of company stock valued at $4,523,056. 21.87% of the stock is owned by 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.