General Moly (NYSEAMERICAN:GMO) (TSE:GMO) issued its quarterly earnings results on Tuesday. The basic materials company reported ($0.01) EPS for the quarter, Bloomberg Earnings reports.
Shares of General Moly (NYSEAMERICAN GMO) opened at $0.41 on Wednesday. General Moly has a one year low of $0.28 and a one year high of $0.53. The stock has a market capitalization of $55.86, a price-to-earnings ratio of -5.86 and a beta of 1.43.
Separately, HC Wainwright set a $1.00 price objective on General Moly and gave the company a “buy” rating in a research note on Wednesday.
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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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