Great Southern Copper (LON:GSCU) Trading Up 11.6% – Here’s Why

Great Southern Copper PLC (LON:GSCU)’s share price was up 11.6% during trading on Monday . The company traded as high as GBX 3.80 ($0.05) and last traded at GBX 3.68 ($0.05). Approximately 14,572,155 shares traded hands during mid-day trading, an increase of 367% from the average daily volume of 3,120,605 shares. The stock had previously closed at GBX 3.30 ($0.04).

Great Southern Copper Stock Performance

The business’s 50 day moving average is GBX 2.57 and its 200 day moving average is GBX 3.14. The stock has a market cap of £21.11 million, a price-to-earnings ratio of -394.43 and a beta of -0.41.

Great Southern Copper (LON:GSCU) last posted its quarterly earnings data on Friday, July 18th. The company reported GBX (0.93) EPS for the quarter.

Insider Transactions at Great Southern Copper

In other Great Southern Copper news, insider Nicholas Michael Briers purchased 428,481 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were acquired at an average price of GBX 2 per share, for a total transaction of £8,569.62. 3.47% of the stock is currently owned by insiders.

Great Southern Copper Company Profile

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.