Golden Prospect Precious Metal (LON:GPM) Stock Price Down 12% – Here’s Why

Golden Prospect Precious Metal (LON:GPM) dropped 12% on Tuesday . The company traded as low as GBX 100.50 and last traded at GBX 101.84. Approximately 610,981 shares changed hands during trading, a decline of 37% from the average daily volume of 969,634 shares. The stock had previously closed at GBX 115.70.

Golden Prospect Precious Metal Trading Down 12.0%

The stock has a fifty day moving average price of GBX 100.90 and a 200-day moving average price of GBX 89.15. The firm has a market capitalization of £109.82 million, a price-to-earnings ratio of 4.18 and a beta of 1.17.

Golden Prospect Precious Metal Company Profile

Golden Prospect Precious Metals (LSE:GPM) investment trust is a closed-end investment company, which invests in gold and precious metals companies.

The fund is run by experienced fund managers – Keith Watson and Robert Crayfourd and seeks to provide investors with capital growth, from a portfolio of companies involved in the gold and precious metals sector.