Golden Prospect Precious Metal (LON:GPM) Stock Price Down 10.1% - Here's What Happened

Key Points

• Golden Prospect Precious Metal's stock price declined by 10.1% during mid-day trading, dropping to GBX 72 ($0.96), amidst a trading volume surge of 142% above average.
• The company reported earnings of GBX 23.92 per share for the last quarter, alongside a market capitalization of £67.61 million and a PE ratio of 9.16.
• Insider Toby Birch purchased 10,400 shares at an average cost of GBX 82, indicating potential confidence in the stock's future performance.

Golden Prospect Precious Metal (LON:GPM - Get Free Report)'s stock price was down 10.1% during mid-day trading on Wednesday . The company traded as low as GBX 72 ($0.96) and last traded at GBX 72 ($0.96). Approximately 1,726,787 shares were traded during mid-day trading, an increase of 142% from the average daily volume of 712,266 shares. The stock had previously closed at GBX 80.10 ($1.07).

Golden Prospect Precious Metal Stock Down 9.5%

The stock has a 50-day simple moving average of GBX 78.70 and a 200-day simple moving average of GBX 63.03. The firm has a market capitalization of £67.61 million and a PE ratio of 9.16.

Golden Prospect Precious Metal (LON:GPM - Get Free Report) last released its earnings results 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%.

Insider Transactions at Golden Prospect Precious Metal

In other news, insider Toby Birch bought 10,400 shares of the firm's stock in a transaction on Monday, September 22nd. The stock was acquired at an average cost of GBX 82 per share, with a total value of £8,528. 1.61% of the stock is 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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