Golden Prospect Precious Metal (LON:GPM) Stock Price Up 1.3% - Should You Buy?

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.

Golden Prospect Precious Metal (LON:GPM - Get Free Report) shares rose 1.3% during mid-day trading on Thursday . The company traded as high as GBX 60 ($0.81) and last traded at GBX 60 ($0.81). Approximately 431,525 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 564,164 shares. The stock had previously closed at GBX 59.20 ($0.80).

Golden Prospect Precious Metal Price Performance

The stock has a fifty day moving average price of GBX 59.10 and a 200-day moving average price of GBX 51.59. The company has a market cap of £56.56 million and a PE ratio of -37.02.

Insiders Place Their Bets

In related news, insider Helen F. Green acquired 20,000 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were purchased at an average price of GBX 59 per share, for a total transaction of £11,800. Corporate insiders own 1.56% 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.