General Moly Inc. (NYSEMKT:GMO) CEO Bruce D. Hansen purchased 40,000 shares of the company’s stock in a transaction that occurred on Thursday, October 13th. The shares were purchased at an average cost of $0.26 per share, for a total transaction of $10,400.00. Following the purchase, the chief executive officer now directly owns 2,841,683 shares in the company, valued at $738,837.58. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

General Moly Inc. (NYSEMKT:GMO) opened at 0.2575 on Monday. The firm’s 50-day moving average is $0.29 and its 200 day moving average is $0.34. The firm’s market capitalization is $28.47 million. General Moly Inc. has a one year low of $0.15 and a one year high of $0.47.

General Moly (NYSEMKT:GMO) last announced its quarterly earnings data on Monday, August 8th. The company reported ($0.02) EPS 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.

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