Great Southern Copper (LON:GSCU) Shares Down 5.9% – Time to Sell?

Great Southern Copper PLC (LON:GSCU)’s share price traded down 5.9% during mid-day trading on Friday . The stock traded as low as GBX 2.60 and last traded at GBX 2.73. 954,180 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 2,614,426 shares. The stock had previously closed at GBX 2.90.

Great Southern Copper Trading Down 5.9%

The company has a fifty day moving average price of GBX 2.75 and a two-hundred day moving average price of GBX 2.93. The firm has a market cap of £21.11 million, a P/E ratio of -3.08 and a beta of -0.41.

Insider Buying and Selling at Great Southern Copper

In other news, insider Nicholas Michael Briers sold 833,333 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of GBX 3, for a total value of £24,999.99. 3.45% of the stock is owned by company insiders.

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.