General Moly Inc. (NYSEMKT:GMO) CEO Bruce D. Hansen purchased 40,000 shares of the firm’s stock in a transaction on Wednesday, October 12th. The stock was bought at an average cost of $0.27 per share, with a total value of $10,800.00. Following the completion of the purchase, the chief executive officer now owns 2,801,683 shares of the company’s stock, valued at approximately $756,454.41. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of General Moly Inc. (NYSEMKT:GMO) opened at 0.255 on Friday. The company’s market capitalization is $28.19 million. The stock’s 50 day moving average is $0.29 and its 200 day moving average is $0.34. General Moly Inc. has a 52-week low of $0.15 and a 52-week high of $0.47.

General Moly (NYSEMKT:GMO) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.02) earnings per share for the quarter. Equities analysts expect that General Moly Inc. will post ($0.07) EPS for the current year.

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About General Moly

General Moly, Inc is engaged in the business of the exploration, development and mining of properties containing molybdenum. The Company, through its subsidiary, Eureka Moly, LLC, holds interest in the Mt. Hope Project, a molybdenum property, located in Eureka County, Nevada. The Mt. Hope Project contains molybdenum reserves totaling approximately 1.4 billion pounds of which 1.2 billion pounds are estimated to be recoverable.

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