Golden Metal Resources (LON:GMET) Shares Down 10.2% – Here’s Why

Golden Metal Resources PLC (LON:GMET) dropped 10.2% on Thursday . The stock traded as low as GBX 210 and last traded at GBX 220. Approximately 1,052,575 shares were traded during trading, an increase of 117% from the average daily volume of 484,010 shares. The stock had previously closed at GBX 245.

Golden Metal Resources Trading Down 5.7%

The stock’s 50-day moving average price is GBX 208.42 and its 200-day moving average price is GBX 145.44. The company has a market cap of £350.03 million, a P/E ratio of -51.86 and a beta of 1.07.

Insider Buying and Selling

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

About Golden Metal Resources

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.