Great Southern Copper (LON:GSCU) Stock Price Down 2.5% – Here’s Why

Great Southern Copper PLC (LON:GSCU)’s stock price dropped 2.5% during trading on Friday . The stock traded as low as GBX 3.74 ($0.05) and last traded at GBX 3.76 ($0.05). Approximately 1,713,288 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 3,684,902 shares. The stock had previously closed at GBX 3.85 ($0.05).

Great Southern Copper Stock Performance

The company’s 50-day moving average price is GBX 3.83 and its 200 day moving average price is GBX 2.44. The stock has a market capitalization of £18.29 million, a PE ratio of -0.01 and a beta of -0.41.

Insider Transactions at Great Southern Copper

In other Great Southern Copper news, insider Charles Richard William Bond purchased 379,822 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was bought at an average cost of GBX 5 ($0.07) per share, with a total value of £18,991.10 ($25,227.28). Corporate insiders own 74.30% of the company’s stock.

Great Southern Copper Company Profile

Great Southern Copper is a mineral exploration company focused on copper-gold deposits in Chile. The Company has the option to acquire rights to 100% of two projects that are prospective for large porphyry copper-gold deposits in the underexplored coastal belt of Chile, a globally significant mining jurisdiction and the world’s largest copper producer.