Golden Metal Resources (LON:GMET) Trading Down 1% – Here’s Why

Golden Metal Resources PLC (LON:GMET)’s stock price was down 1% on Thursday . The company traded as low as GBX 195 and last traded at GBX 198. Approximately 185,065 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 454,281 shares. The stock had previously closed at GBX 200.

Golden Metal Resources Price Performance

The company’s fifty day simple moving average is GBX 161.22 and its 200-day simple moving average is GBX 118.77. The firm has a market capitalization of £354.33 million and a PE ratio of -105.00.

Insider Activity

In other Golden Metal Resources news, insider Oliver Friesen purchased 20,100 shares of the company’s stock in a transaction on Monday, January 12th. The stock was acquired at an average price of GBX 148 per share, for a total transaction of £29,748. Also, insider Ben Hodges bought 17,501 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The shares were purchased at an average price of GBX 143 per share, for a total transaction of £25,026.43. In the last quarter, insiders have bought 74,851 shares of company stock valued at $11,027,693. 1.67% of the stock is currently owned by insiders.

About Golden Metal Resources

Guardian Metal Resources plc (“GMET”) is listed on LON as well as on the OTCQX (“GMTLF”) and holds resource development and exploration stage mineral projects in the mining friendly state of Nevada, USA.