Golden Metal Resources (LON:GMET) Stock Price Up 12.9% – Should You Buy?

Golden Metal Resources PLC (LON:GMETGet Free Report)’s share price was up 12.9% during trading on Wednesday . The company traded as high as GBX 250.50 and last traded at GBX 245. Approximately 1,237,412 shares traded hands during mid-day trading, an increase of 168% from the average daily volume of 462,043 shares. The stock had previously closed at GBX 217.

Golden Metal Resources Trading Up 9.8%

The stock’s 50 day moving average price is GBX 176.30 and its two-hundred day moving average price is GBX 126.16. The firm has a market capitalization of £474.13 million and a price-to-earnings ratio of -140.50.

Insiders Place Their Bets

In other Golden Metal Resources news, insider Ben Hodges acquired 17,501 shares of the stock in a transaction that occurred on Wednesday, January 7th. The shares were purchased at an average cost of GBX 143 per share, with a total value of £25,026.43. Also, insider Oliver Friesen purchased 20,100 shares of Golden Metal Resources stock in a transaction on Monday, January 12th. The stock was acquired at an average cost of GBX 148 per share, for a total transaction of £29,748. Over the last three months, insiders have purchased 74,851 shares of company stock worth $11,027,693. 1.67% of the stock is owned by company insiders.

Golden Metal Resources Company Profile

(Get Free Report)

Guardian Metal Resources plc (“GMET”) is listed on LON as well as on the OTCQX (“GMTLF”) and holds resource development and exploration stage mineral projects in the mining friendly state of Nevada, USA.

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