Insider Buying: Papua Mining PLC (PML) Insider Purchases 500,000 Shares of Stock
Papua Mining PLC (LON:PML) insider Paul Johnson purchased 500,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The stock was purchased at an average price of GBX 2 ($0.03) per share, for a total transaction of £10,000 ($13,196.09).
Paul Johnson also recently made the following trade(s):
- On Friday, October 20th, Paul Johnson purchased 500,000 shares of Papua Mining PLC stock. The stock was purchased at an average price of GBX 1 ($0.01) per share, for a total transaction of £5,000 ($6,598.05).
Shares of Papua Mining PLC (LON PML) remained flat at GBX 1.50 during trading on Tuesday. The stock had a trading volume of 7,110,028 shares. The stock’s 50-day moving average is GBX 1.37 and its 200 day moving average is GBX 1.25. Papua Mining PLC has a 12 month low of GBX 0.76 and a 12 month high of GBX 1.79. The stock’s market cap is GBX 2.28 million.
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Separately, First Equity reiterated a “buy” rating on shares of Papua Mining PLC in a research note on Monday, October 16th.
About Papua Mining PLC
Papua Mining plc is engaged in exploration for gold and copper resources in Papua New Guinea (PNG). The Company holds approximately six exploration licenses with a total area of approximately 1,800 square kilometers in the central part of New Britain Island. Its operations include Mt Visi target and Tripela Target.
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