Mako Mining (CVE:MKO) Shares Down 4.6% – Should You Sell?

Mako Mining (CVE:MKO)’s share price dropped 4.6% during mid-day trading on Wednesday . The stock traded as low as C$8.63 and last traded at C$8.82. Approximately 262,946 shares changed hands during trading, an increase of 53% from the average daily volume of 171,871 shares. The stock had previously closed at C$9.25.

Mako Mining Trading Down 4.6%

The stock’s fifty day moving average price is C$9.93 and its 200 day moving average price is C$8.41. The stock has a market cap of C$767.42 million, a P/E ratio of 30.41 and a beta of 1.13.

Insider Activity

In other Mako Mining news, insider Paolo Durand sold 7,759 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of C$10.54, for a total transaction of C$81,779.86. Following the sale, the insider owned 25,000 shares in the company, valued at C$263,500. This trade represents a 23.69% decrease in their ownership of the stock.

About Mako Mining

Capri Holdings Limited designs, markets, distributes, and retails branded women’s and men’s apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. The company’s Versace segment offers ready-to-wear, accessories, footwear, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques; and department and specialty stores, as well as through Versace e-commerce sites. It also licenses Versace brand name and trademarks to third parties to retail and/or wholesale its products; and has licensing agreements to the manufacture and sale of jeans, fragrances, watches, eyewear, and home furnishings.