Mako Mining (CVE:MKO) Sets New 52-Week High – Should You Buy?

Shares of Mako Mining (CVE:MKO) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$10.86 and last traded at C$10.84, with a volume of 40050 shares. The stock had previously closed at C$10.67.

Mako Mining Trading Up 2.0%

The stock has a market capitalization of C$999.73 million, a P/E ratio of 39.62 and a beta of 1.24. The business’s fifty day simple moving average is C$9.35 and its two-hundred day simple moving average is C$7.98.

Insiders Place Their Bets

In related news, insider Paolo Durand sold 7,759 shares of Mako Mining 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 directly owned 25,000 shares of the company’s stock, valued at C$263,500. This trade represents a 23.69% decrease in their ownership of the stock.

Mako Mining Company Profile

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.