General Moly, Inc. (NYSEMKT:GMO) (TSE:GMO) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a report issued on Wednesday.

General Moly (NYSEMKT GMO) traded up 9.52% during mid-day trading on Wednesday, hitting $0.46. The company had a trading volume of 550,177 shares. General Moly has a 1-year low of $0.21 and a 1-year high of $0.72. The stock has a 50 day moving average price of $0.36 and a 200-day moving average price of $0.41. The stock’s market capitalization is $51.14 million.

General Moly (NYSEMKT:GMO) (TSE:GMO) last issued its earnings results on Monday, May 1st. The basic materials company reported ($0.02) EPS for the quarter. On average, analysts forecast that General Moly will post ($0.08) earnings per share for the current year.

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An institutional investor recently raised its position in General Moly stock. Bank of America Corp DE increased its position in General Moly, Inc. (NYSEMKT:GMO) (TSE:GMO) by 7,900.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 280,029 shares of the basic materials company’s stock after buying an additional 276,529 shares during the period. Bank of America Corp DE owned 0.25% of General Moly worth $140,000 at the end of the most recent reporting period.

General Moly Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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