Great Southern Copper (LON:GSCU) Stock Price Up 9.6% on Insider Buying Activity

Great Southern Copper PLC (LON:GSCU)’s stock price was up 9.6% during trading on Friday following insider buying activity. The company traded as high as GBX 1.90 and last traded at GBX 1.80. Approximately 8,039,401 shares traded hands during mid-day trading, an increase of 228% from the average session volume of 2,454,046 shares. The stock had previously closed at GBX 1.64.

Specifically, insider Nicholas Michael Briers bought 666,667 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The stock was bought at an average price of GBX 2 per share, with a total value of £13,333.34. Also, insider Charles Richard William Bond acquired 666,667 shares of the firm’s stock in a transaction on Thursday, October 15th. The shares were acquired at an average price of GBX 2 per share, with a total value of £13,333.34. In other news, insider Samuel James Melville Garrett bought 3,333,333 shares of the stock in a transaction dated Thursday, October 15th. The shares were acquired at an average cost of GBX 2 per share, with a total value of £66,666.66.

Great Southern Copper Price Performance

The business has a fifty day moving average of GBX 2.13 and a 200 day moving average of GBX 2.51. The stock has a market capitalization of £13.90 million, a price-to-earnings ratio of -4.39 and a beta of -0.41.

Great Southern Copper (LON:GSCU) last posted its quarterly earnings data on Wednesday, July 29th. The company reported GBX (0.41) earnings per share for the quarter.

About Great Southern Copper

Great Southern Copper is a mineral exploration company focused on copper-gold deposits in Chile. The Company has the option to acquire rights to 100% of two projects that are prospective for large porphyry copper-gold deposits in the underexplored coastal belt of Chile, a globally significant mining jurisdiction and the world’s largest copper producer.