Great Southern Copper (LON:GSCU) Trading 9.9% Higher – Still a Buy?

Great Southern Copper PLC (LON:GSCU)’s stock price shot up 9.9% during mid-day trading on Monday . The company traded as high as GBX 3.20 and last traded at GBX 3. Approximately 2,011,886 shares were traded during mid-day trading, a decline of 23% from the average session volume of 2,616,280 shares. The stock had previously closed at GBX 2.73.

Great Southern Copper Stock Up 0.4%

The company’s 50-day simple moving average is GBX 2.75 and its 200 day simple moving average is GBX 2.93. The stock has a market capitalization of £23.30 million, a price-to-earnings ratio of -3.40 and a beta of -0.41.

Insider Activity at Great Southern Copper

In other news, insider Nicholas Michael Briers sold 833,333 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of GBX 3, for a total transaction of £24,999.99. Corporate insiders own 3.45% of the company’s stock.

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.