Great Southern Copper (LON:GSCU) Shares Down 7.2% – Should You Sell?

Great Southern Copper PLC (LON:GSCU) traded down 7.2% during trading on Wednesday . The stock traded as low as GBX 4.83 ($0.06) and last traded at GBX 4.83 ($0.06). 17,566,367 shares were traded during trading, an increase of 336% from the average session volume of 4,028,656 shares. The stock had previously closed at GBX 5.20 ($0.07).

Great Southern Copper Stock Down 7.2 %

The business has a 50-day moving average price of GBX 2.52 and a two-hundred day moving average price of GBX 1.80. The company has a market capitalization of £23.50 million, a price-to-earnings ratio of -0.01 and a beta of -0.41.

Insider Buying and Selling at Great Southern Copper

In related news, insider Charles Richard William Bond acquired 379,822 shares of the stock in a transaction dated Tuesday, April 1st. The stock was purchased at an average cost of GBX 5 ($0.06) per share, with a total value of £18,991.10 ($24,660.56). 74.30% of the stock is currently owned by company insiders.

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.