Mako Mining (CVE:MKO) Trading Up 3.6% - Should You Buy?

Key Points

• Mako Mining shares rose 3.6% intraday to C$9.38 (high C$9.52) on about 247,659 shares traded, a 43% increase versus average daily volume, indicating heightened trading activity.
• The company has a market cap of C$821.36 million, a trailing P/E of 22.88 and beta of 1.55, with 50‑day and 200‑day moving averages at C$9.65 and C$8.62 respectively.
• Insider sale: Paolo Durand sold 7,759 shares at an average price of C$10.54, reducing his stake by 23.69% to 25,000 shares.

Mako Mining (CVE:MKO - )'s share price was up 3.6% during trading on Thursday . The stock traded as high as C$9.52 and last traded at C$9.38. Approximately 247,659 shares were traded during trading, an increase of 43% from the average daily volume of 172,598 shares. The stock had previously closed at C$9.05.

Mako Mining Stock Up 3.6%

The firm's 50-day moving average price is C$9.65 and its 200 day moving average price is C$8.62. The firm has a market cap of C$821.36 million, a P/E ratio of 22.88 and a beta of 1.55.

Insiders Place Their Bets

In other Mako Mining news, insider Paolo Durand sold 7,759 shares of Mako Mining stock in a transaction on Thursday, January 29th. The stock was sold at an average price of C$10.54, for a total transaction of C$81,779.86. Following the sale, the insider owned 25,000 shares of the company's stock, valued at C$263,500. The trade was a 23.69% decrease in their position.

About Mako Mining

Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. The company's Versace segment offers ready-to-wear, accessories, footwear, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques; and department and specialty stores, as well as through Versace e-commerce sites. It also licenses Versace brand name and trademarks to third parties to retail and/or wholesale its products; and has licensing agreements to the manufacture and sale of jeans, fragrances, watches, eyewear, and home furnishings.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.