Great Southern Copper (LON:GSCU) Shares Climb 0.9% – Here’s What Happened

Shares of Great Southern Copper PLC (LON:GSCU) were up 0.9% during trading on Monday. The company traded as high as GBX 1.90 and last traded at GBX 1.82. 5,118,547 shares traded hands during mid-day trading, an increase of 101% from the average daily volume of 2,550,353 shares. The stock had previously closed at GBX 1.80.

Great Southern Copper Stock Performance

The firm has a market cap of £13.95 million, a P/E ratio of -4.41 and a beta of -0.41. The business’s 50-day simple moving average is GBX 2.08 and its 200 day simple moving average is GBX 2.48.

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

Insider Activity

In other news, insider Samuel James Melville Garrett acquired 3,333,333 shares of the firm’s stock in a transaction dated Thursday, October 15th. The shares were purchased at an average cost of GBX 2 per share, for a total transaction of £66,666.66. Also, insider Nicholas Michael Briers purchased 666,667 shares of Great Southern Copper stock in a transaction that occurred on Thursday, October 15th. The stock was acquired at an average price of GBX 2 per share, for a total transaction of £13,333.34. Insiders have purchased a total of 5,141,667 shares of company stock valued at $109,433,334 in the last ninety days. Corporate insiders own 3.66% 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.