Great Southern Copper (LON:GSCU) Trading Down 6.7% – Here’s Why

Shares of Great Southern Copper PLC (LON:GSCU) fell 6.7% during trading on Tuesday . The company traded as low as GBX 2.50 and last traded at GBX 2.50. Approximately 2,732,324 shares changed hands during mid-day trading, an increase of 18% from the average daily volume of 2,324,295 shares. The stock had previously closed at GBX 2.68.

Great Southern Copper Price Performance

The company has a market capitalization of £19.49 million, a P/E ratio of -6.16 and a beta of -0.41. The company has a fifty day moving average price of GBX 2.51 and a 200 day moving average price of GBX 2.65.

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

Insider Buying and Selling

In related news, insider Samuel James Melville Garrett bought 300,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of GBX 210 per share, with a total value of £630,000. 3.87% of the stock is currently owned by insiders.

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.