Great Southern Copper (LON:GSCU) Stock Price Up 12.2% After Insider Buying Activity

Great Southern Copper PLC (LON:GSCU)’s stock price was up 12.2% on Tuesday after an insider bought additional shares in the company. The stock traded as high as GBX 2.30 and last traded at GBX 2.30. 2,284,845 shares were traded during mid-day trading, a decline of 6% from the average daily volume of 2,428,465 shares. The stock had previously closed at GBX 2.05.

Specifically, insider Samuel James Melville Garrett acquired 175,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average cost of GBX 212 per share, with a total value of £371,000. Also, insider Samuel James Melville Garrett purchased 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average price of GBX 210 per share, for a total transaction of £630,000.

Great Southern Copper Stock Up 12.2%

The stock has a market capitalization of £17.79 million, a P/E ratio of -5.62 and a beta of -0.41. The company has a 50-day moving average price of GBX 2.60 and a two-hundred day moving average price of GBX 2.76.

Great Southern Copper (LON:GSCU) last issued its quarterly earnings data on Wednesday, July 29th. The company reported GBX (0.41) earnings per share (EPS) for the quarter.

About Great Southern Copper

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.