Golden Prospect Precious Metal (LON:GPM) Stock Price Down 2.2% - What's Next?

Key Points

• Golden Prospect Precious Metal shares fell 2.2% to GBX 70.03 ($0.94) during mid-day trading on Thursday, with trading volume increasing by 187% compared to the average daily volume.
• The company has a market capitalization of £65.30 million and an exceptionally high PE ratio of 884.26, indicating potential market volatility.
• Insider Helen F. Green purchased 20,000 shares at an average price of GBX 59, signaling potential confidence in the stock despite recent declines.

Shares of Golden Prospect Precious Metal (LON:GPM - Get Free Report) dropped 2.2% during trading on Thursday . The stock traded as low as GBX 70 ($0.95) and last traded at GBX 70.03 ($0.95). Approximately 1,652,868 shares traded hands during trading, an increase of 187% from the average daily volume of 576,436 shares. The stock had previously closed at GBX 71.60 ($0.97).

Golden Prospect Precious Metal Price Performance

The stock has a market capitalization of £71.38 million and a price-to-earnings ratio of 966.54. The business has a fifty day moving average of GBX 61.30 and a 200 day moving average of GBX 54.15.

Insider Buying and Selling at Golden Prospect Precious Metal

In other Golden Prospect Precious Metal news, insider Helen F. Green acquired 20,000 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The stock was purchased at an average cost of GBX 59 per share, with a total value of £11,800. Corporate insiders own 1.60% of the company's stock.

Golden Prospect Precious Metal Company Profile

Golden Prospect Precious Metals LSE: GPM investment trust is a closed-end investment company, which invests in gold and precious metals companies. The fund is run by experienced fund managers - Keith Watson and Robert Crayfourd and seeks to provide investors with capital growth, from a portfolio of companies involved in the gold and precious metals sector.