General Moly (GMO) Sees Large Volume Increase
Shares of General Moly, Inc. (NYSEAMERICAN:GMO) (TSE:GMO) saw unusually-high trading volume on Thursday . Approximately 1,823,804 shares traded hands during mid-day trading, an increase of 675% from the previous session’s volume of 235,184 shares.The stock last traded at $0.34 and had previously closed at $0.29.
GMO has been the topic of a number of recent research reports. HC Wainwright reaffirmed a “buy” rating and set a $0.75 price target on shares of General Moly in a research report on Tuesday, November 7th. Zacks Investment Research raised General Moly from a “hold” rating to a “buy” rating and set a $0.50 price target on the stock in a research report on Thursday, August 17th. ValuEngine raised General Moly from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, BidaskClub cut General Moly from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 4th.
General Moly (NYSEAMERICAN:GMO) (TSE:GMO) last issued its quarterly earnings data on Monday, November 6th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter.
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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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