Golden Metal Resources (LON:GMET) Trading Down 10.2% - Here's What Happened

Key Points

• Fell 10.2% on Thursday to GBX 220 (intraday low GBX 210) with trading volume up 117% versus the average, after a prior close of GBX 245.
• Insider buying: Oliver Friesen and J.T. Starzecki bought shares on Jan 12 (20,100 at GBX 148 and 37,250 at GBX 149), with insiders acquiring 74,851 shares valued at $11,027,693 over the last quarter and owning 1.67% of the company.
• Golden Metal Resources is a Nevada-focused resource development and exploration company listed on the LON and OTCQX, with a market capitalization of £371.20 million, a 50-day MA of GBX 205.71, 200-day MA of GBX 143.98, and a P/E of -55.00.

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

Golden Metal Resources Stock Down 10.2%

The firm has a fifty day moving average of GBX 205.71 and a 200-day moving average of GBX 143.98. The stock has a market capitalization of £371.20 million, a price-to-earnings ratio of -55.00 and a beta of 1.07.

Insider Buying and Selling at Golden Metal Resources

In other Golden Metal Resources news, insider Oliver Friesen acquired 20,100 shares of the company's stock in a transaction dated Monday, January 12th. The stock was acquired at an average cost of GBX 148 per share, with a total value of £29,748. Also, insider J.T Starzecki acquired 37,250 shares of the business's stock in a transaction that occurred 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. Insiders have acquired 74,851 shares of company stock valued at $11,027,693 over the last quarter. Corporate insiders own 1.67% of the company's stock.

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.

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