Hamak Gold (LON:HAMA) Shares Up 12.6% – Time to Buy?

Hamak Gold Limited (LON:HAMAGet Free Report) shot up 12.6% on Wednesday . The stock traded as high as GBX 0.74 and last traded at GBX 0.74. 1,799,638 shares changed hands during trading, a decline of 14% from the average daily volume of 2,085,220 shares. The stock had previously closed at GBX 0.66.

Hamak Gold Stock Up 12.6%

The firm’s 50 day simple moving average is GBX 0.76 and its 200 day simple moving average is GBX 0.99. The company has a market capitalization of £3.35 million, a PE ratio of -0.74 and a beta of 0.20.

Insider Transactions at Hamak Gold

In other Hamak Gold news, insider Karl Smithson sold 2,222,223 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of GBX 1, for a total transaction of £22,222.23. 22.04% of the stock is currently owned by insiders.

About Hamak Gold

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Hamak Strategy Ltd. (LSE: HAMA / OTCQB: HASTF), a Company combining traditional gold exploration in Africa with a Digital Asset Treasury Management strategy.

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