Taseko Mines (LON:TKO) Trading Up 7.1% - Should You Buy?

Key Points

• 7.1% jump: Taseko Mines rose 7.1% to GBX 454 (intraday high GBX 455.60) on Monday on light trading of ~2,789 shares (down ~69% versus average), with a market cap of £1.66 billion and a negative P/E of -50.44; the 50-day and 200-day moving averages are GBX 556.88 and GBX 427.97 respectively.
• Insider sale: Director Russell Hallbauer sold 30,000 shares on March 5 at GBX 567 for £170,100, and company insiders collectively own 2.58% of the stock.
• Operations and projects: Taseko is a copper-focused miner operating the 100%‑owned Gibraltar Mine (Canada’s second-largest copper mine, ~140M lbs Cu and 2.5M lbs Mo annually) and advancing the Florence Copper project plus Yellowhead and Aley development projects.

Taseko Mines Limited (LON:TKO - )'s stock price rose 7.1% during trading on Monday . The stock traded as high as GBX 455.60 and last traded at GBX 454. Approximately 2,789 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 8,897 shares. The stock had previously closed at GBX 424.

Taseko Mines Stock Performance

The stock's 50-day moving average is GBX 556.88 and its 200 day moving average is GBX 427.97. The stock has a market capitalization of £1.66 billion, a PE ratio of -50.44 and a beta of 1.89.

Insider Activity at Taseko Mines

In other Taseko Mines news, insider Russell Hallbauer sold 30,000 shares of the company's stock in a transaction on Thursday, March 5th. The shares were sold at an average price of GBX 567, for a total transaction of £170,100. 2.58% of the stock is owned by company insiders.

Taseko Mines Company Profile

Taseko Mines is a dynamic and growing mining company focused on the operation and development of copper mines in North America. Headquartered in Vancouver, Taseko operates the state-of-the-art Gibraltar Mine (100% owned), the second largest copper mine in Canada, with a nearly 700-person workforce producing an average of 140 million pounds of copper and 2.5 million pounds of molybdenum per year. In addition to the Yellowhead copper project and the Aley niobium project, Taseko is also advancing the Florence Copper project in Arizona – a near-term copper producer with an unparalleled energy, water and GHG profile per unit of production.

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