Insider Buying: Golden Queen Mining Co. (GQM) Director Purchases 48,500 Shares of Stock
Golden Queen Mining Co. (TSE:GQM) Director Paul Marcus Blythe purchased 48,500 shares of the company’s stock in a transaction on Monday, December 4th. The shares were purchased at an average cost of C$0.23 per share, with a total value of C$11,155.00.
Shares of Golden Queen Mining Co. (TSE GQM) remained flat at $C$0.19 on Thursday. 33,115 shares of the company’s stock were exchanged, compared to its average volume of 120,173. Golden Queen Mining Co. has a 52-week low of C$0.18 and a 52-week high of C$1.09.
Separately, HC Wainwright dropped their price target on shares of Golden Queen Mining from C$2.00 to C$1.50 and set a “buy” rating for the company in a research report on Tuesday, October 17th.
Golden Queen Mining Co, Ltd. is engaged in the development of the Soledad Mountain Project (the Project), located in the Mojave Mining District, Kern County, California. The Company incorporated Golden Queen Mining Canada Ltd. (GQM Canada), a British Columbia subsidiary, to hold the Company’s interest in Golden Queen Mining Holdings, Inc (GQM Holdings).
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