Insider Buying: Golden Queen Mining Co. (GQM) Director Buys 300,000 Shares of Stock

Golden Queen Mining Co. (TSE:GQM) Director Paul Marcus Blythe bought 300,000 shares of Golden Queen Mining stock in a transaction dated Tuesday, February 6th. The shares were bought at an average cost of C$0.13 per share, for a total transaction of C$39,000.00.

Paul Marcus Blythe also recently made the following trade(s):

  • On Monday, December 4th, Paul Marcus Blythe bought 48,500 shares of Golden Queen Mining stock. The shares were bought at an average cost of C$0.23 per share, for a total transaction of C$11,155.00.

Golden Queen Mining Co. (TSE:GQM) traded down C$0.01 on Tuesday, hitting C$0.19. The stock had a trading volume of 177,816 shares, compared to its average volume of 123,453. The firm has a market cap of $21.12, a price-to-earnings ratio of -6.67 and a beta of -2.38. Golden Queen Mining Co. has a 12 month low of C$0.18 and a 12 month high of C$1.01.

Golden Queen Mining (TSE:GQM) last released its earnings results on Tuesday, November 14th. The company reported C($0.03) earnings per share (EPS) for the quarter. Golden Queen Mining had a negative return on equity of 30.13% and a negative net margin of 19.54%.

Separately, HC Wainwright reduced their target price on Golden Queen Mining from C$2.00 to C$1.50 and set a “buy” rating on the stock in a report on Tuesday, October 17th.

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About Golden Queen Mining

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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