Golden Metal Resources (LON:GMET) Shares Up 0.4% – Should You Buy?

Shares of Golden Metal Resources PLC (LON:GMET) rose 0.4% during mid-day trading on Wednesday . The stock traded as high as GBX 260 and last traded at GBX 252. Approximately 846,839 shares changed hands during trading, an increase of 75% from the average daily volume of 483,209 shares. The stock had previously closed at GBX 251.

Golden Metal Resources Stock Up 0.4%

The company has a 50 day moving average of GBX 205.71 and a 200-day moving average of GBX 143.98. The stock has a market capitalization of £425.19 million, a P/E ratio of -63.00 and a beta of 1.07.

Insiders Place Their Bets

In other Golden Metal Resources news, insider J.T Starzecki purchased 37,250 shares of the firm’s stock in a transaction dated Monday, January 12th. The stock was acquired at an average cost of GBX 149 per share, with a total value of £55,502.50. Also, insider Ben Hodges acquired 17,501 shares of the stock in a transaction that occurred on Wednesday, January 7th. The shares were acquired at an average cost of GBX 143 per share, with a total value of £25,026.43. Over the last three months, insiders have acquired 74,851 shares of company stock valued at $11,027,693. Company insiders own 1.67% of the company’s stock.

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.