Golden Prospect Precious Metal (LON:GPM) Shares Down 3.8% - Here's Why

Key Points

• Golden Prospect Precious Metal shares fell by 3.8% during trading, reaching GBX 97.20 ($1.29), with a notable trading volume increase of 33% compared to the average.
• The company reported an earnings per share (EPS) of GBX 23.92 and has a market capitalization of £90.64 million, but also a high price-to-earnings ratio of 1,227.27.
• Insider Toby Birch purchased 10,400 shares at an average cost of GBX 82, suggesting confidence in the company's potential despite recent stock performance.

Golden Prospect Precious Metal (LON:GPM - Get Free Report) was down 3.8% during trading on Tuesday . The stock traded as low as GBX 97.20 ($1.29) and last traded at GBX 97.20 ($1.29). Approximately 905,834 shares traded hands during mid-day trading, an increase of 33% from the average daily volume of 681,206 shares. The stock had previously closed at GBX 101 ($1.35).

Golden Prospect Precious Metal Stock Performance

The company's fifty day moving average price is GBX 75.30 and its 200 day moving average price is GBX 61.47. The firm has a market capitalization of £90.64 million and a price-to-earnings ratio of 1,227.27.

Golden Prospect Precious Metal (LON:GPM - Get Free Report) last released its quarterly earnings data on Friday, September 12th. The company reported GBX 23.92 earnings per share (EPS) for the quarter. Golden Prospect Precious Metal had a negative return on equity of 4.42% and a net margin of 127.97%.

Insiders Place Their Bets

In other news, insider Toby Birch acquired 10,400 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The shares were purchased at an average cost of GBX 82 per share, for a total transaction of £8,528. 1.61% of the stock is currently owned by corporate insiders.

About Golden Prospect Precious Metal

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.

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