General Moly, Inc. (NYSEMKT:GMO) (TSE:GMO) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.

Several other analysts have also recently commented on GMO. ValuEngine raised General Moly from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research raised General Moly from a “hold” rating to a “buy” rating and set a $0.50 price target for the company in a report on Thursday, August 17th. Finally, HC Wainwright reaffirmed a “buy” rating on shares of General Moly in a research note on Wednesday, August 16th.

General Moly (GMO) traded up $0.00 during trading hours on Friday, hitting $0.29. The company had a trading volume of 95,856 shares, compared to its average volume of 139,173. General Moly has a fifty-two week low of $0.22 and a fifty-two week high of $0.72.

General Moly (NYSEMKT:GMO) (TSE:GMO) last posted its quarterly earnings results on Monday, August 14th. The basic materials company reported ($0.02) EPS for the quarter.

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A hedge fund recently raised its stake in General Moly stock. Bank of America Corp DE boosted its position in General Moly, Inc. (NYSEMKT:GMO) (TSE:GMO) by 7,900.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,029 shares of the basic materials company’s stock after purchasing an additional 276,529 shares during the period. Bank of America Corp DE owned about 0.25% of General Moly worth $140,000 as of its most recent SEC filing.

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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