Golden Metal Resources (LON:GMET) Sets New 12-Month High – Still a Buy?

Golden Metal Resources PLC (LON:GMET)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 305 and last traded at GBX 301.80, with a volume of 93610 shares. The stock had previously closed at GBX 285.

Golden Metal Resources Price Performance

The business has a fifty day moving average of GBX 229.66 and a 200-day moving average of GBX 159.58. The stock has a market capitalization of £582.99 million, a price-to-earnings ratio of -75.13 and a beta of 1.07.

Insider Buying and Selling

In related news, insider J.T Starzecki purchased 37,250 shares of the company’s stock in a transaction on Monday, January 12th. The shares were bought at an average price of GBX 149 per share, with a total value of £55,502.50. Also, insider Ben Hodges purchased 17,501 shares of the company’s stock in a transaction on Wednesday, January 7th. The stock was bought at an average cost of GBX 143 per share, for a total transaction of £25,026.43. Insiders have bought a total of 74,851 shares of company stock valued at $11,027,693 over the last three months. Company insiders own 1.67% of the company’s stock.

Golden Metal Resources Company Profile

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.