Great Southern Copper (LON:GSCU) Stock Price Up 4.5% – Should You Buy?

Great Southern Copper PLC (LON:GSCU) shares rose 4.5% on Wednesday . The stock traded as high as GBX 2.90 and last traded at GBX 2.90. Approximately 357,582 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 2,807,502 shares. The stock had previously closed at GBX 2.78.

Great Southern Copper Stock Up 4.5%

The stock has a market capitalization of £22.32 million, a P/E ratio of -3.27 and a beta of -0.41. The firm’s 50 day simple moving average is GBX 2.82 and its two-hundred day simple moving average is GBX 2.91.

Insider Buying and Selling at Great Southern Copper

In other Great Southern Copper news, insider Nicholas Michael Briers sold 833,333 shares of Great Southern Copper stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of GBX 3, for a total value of £24,999.99. Also, insider Charles Richard William Bond purchased 736,856 shares of the firm’s stock in a transaction on Wednesday, March 25th. The stock was bought at an average cost of GBX 2 per share, with a total value of £14,737.12. Insiders own 3.36% 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.