Great Southern Copper (LON:GSCU) Stock Price Down 9.8% – Here’s Why

Great Southern Copper PLC (LON:GSCU)’s share price dropped 9.8% during trading on Thursday . The company traded as low as GBX 2.50 and last traded at GBX 2.62. Approximately 2,240,183 shares changed hands during trading, a decline of 20% from the average daily volume of 2,802,344 shares. The stock had previously closed at GBX 2.90.

Great Southern Copper Price Performance

The stock has a market capitalization of £20.14 million, a price-to-earnings ratio of -2.95 and a beta of -0.41. The business has a 50 day simple moving average of GBX 2.82 and a 200-day simple moving average of GBX 2.91.

Insider Transactions at Great Southern Copper

In other Great Southern Copper news, insider Charles Richard William Bond bought 736,856 shares of the firm’s stock in a transaction on Wednesday, March 25th. The stock was purchased at an average cost of GBX 2 per share, with a total value of £14,737.12. Also, insider Nicholas Michael Briers sold 833,333 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of GBX 3, for a total value of £24,999.99. 3.36% of the stock is currently owned by 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.