General Moly Inc. (NYSEMKT:GMO) CEO Bruce D. Hansen bought 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 12th. The stock was purchased at an average price of $0.27 per share, with a total value of $10,800.00. Following the completion of the purchase, the chief executive officer now directly owns 2,801,683 shares in the company, valued at approximately $756,454.41. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

General Moly Inc. (NYSEMKT:GMO) opened at 0.255 on Friday. The firm has a 50-day moving average of $0.29 and a 200 day moving average of $0.34. The company’s market capitalization is $28.19 million. General Moly Inc. has a 12-month low of $0.15 and a 12-month high of $0.47.

General Moly (NYSEMKT:GMO) last posted its quarterly earnings results on Monday, August 8th. The company reported ($0.02) earnings per share for the quarter. Analysts forecast that General Moly Inc. will post ($0.07) EPS for the current fiscal year.

General Moly Company Profile

General Moly, Inc is engaged in the business of the exploration, development and mining of properties containing molybdenum. The Company, through its subsidiary, Eureka Moly, LLC, holds interest in the Mt. Hope Project, a molybdenum property, located in Eureka County, Nevada. The Mt. Hope Project contains molybdenum reserves totaling approximately 1.4 billion pounds of which 1.2 billion pounds are estimated to be recoverable.

Receive News & Stock Ratings for General Moly Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Moly Inc. and related stocks with our FREE daily email newsletter.