Great Southern Copper (LON:GSCU) Shares Down 9.8% – Time to Sell?

Shares of Great Southern Copper PLC (LON:GSCU) traded down 9.8% during mid-day trading on Thursday . The company traded as low as GBX 2.50 and last traded at GBX 2.62. 2,240,183 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 2,802,344 shares. The stock had previously closed at GBX 2.90.

Great Southern Copper Stock Performance

The firm has a market capitalization of £19.64 million, a P/E ratio of -2.88 and a beta of -0.41. The business has a fifty day moving average of GBX 2.82 and a 200-day moving average of GBX 2.91.

Insiders Place Their Bets

In related news, insider Nicholas Michael Briers sold 833,333 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of GBX 3, for a total transaction of £24,999.99. Also, insider Charles Richard William Bond bought 736,856 shares of the firm’s stock in a transaction on Wednesday, March 25th. The shares were bought at an average cost of GBX 2 per share, with a total value of £14,737.12. 3.36% of the stock is owned by insiders.

Great Southern Copper Company Profile

Great Southern Copper is a mineral exploration company focused on copper-gold deposits in Chile. The Company has the option to acquire rights to 100% of two projects that are prospective for large porphyry copper-gold deposits in the underexplored coastal belt of Chile, a globally significant mining jurisdiction and the world’s largest copper producer.