Golden Prospect Precious Metal (LON:GPM) Shares Up 1.3% - Here's Why

Key Points

• Golden Prospect Precious Metal (LON:GPM) saw its shares rise by 1.3% on Thursday, trading at GBX 60 ($0.81) despite a 24% decline in trading volume compared to its average session.
• The company currently has a market capitalization of £56.57 million and a negative price-to-earnings ratio of -37.02, indicating challenges in profitability.
• Insider Helen F. Green purchased 20,000 shares at an average cost of GBX 59 ($0.80), signaling potential confidence in the company's future performance.

Shares of Golden Prospect Precious Metal (LON:GPM - ) shot up 1.3% on Thursday . The company traded as high as GBX 60 ($0.81) and last traded at GBX 60 ($0.81). 431,525 shares changed hands during trading, a decline of 24% from the average session volume of 564,164 shares. The stock had previously closed at GBX 59.20 ($0.80).

Golden Prospect Precious Metal Stock Performance

The firm has a market capitalization of £56.57 million and a price-to-earnings ratio of -37.02. The business has a 50 day moving average of GBX 59.02 and a two-hundred day moving average of GBX 51.16.

Insider Activity at Golden Prospect Precious Metal

In related news, insider Helen F. Green acquired 20,000 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was purchased at an average cost of GBX 59 ($0.80) per share, with a total value of £11,800 ($15,965.36). 1.56% of the stock is currently owned by company insiders.

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.

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