Golden Metal Resources (LON:GMET) Stock Price Down 1% – Here’s Why

Golden Metal Resources PLC (LON:GMET)’s share price dropped 1% during mid-day trading on Thursday . The stock traded as low as GBX 195 and last traded at GBX 198. Approximately 185,065 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 454,281 shares. The stock had previously closed at GBX 200.

Golden Metal Resources Stock Performance

The stock has a 50-day moving average of GBX 161.22 and a two-hundred day moving average of GBX 118.77. The company has a market cap of £354.33 million and a P/E ratio of -105.00.

Insider Buying and Selling

In other news, insider Oliver Friesen bought 20,100 shares of Golden Metal Resources stock in a transaction that occurred on Monday, January 12th. The stock was bought at an average cost of GBX 148 per share, with a total value of £29,748. Also, insider Ben Hodges purchased 17,501 shares of the firm’s stock in a transaction on Wednesday, January 7th. The shares were acquired at an average cost of GBX 143 per share, for a total transaction of £25,026.43. Over the last quarter, insiders have acquired 74,851 shares of company stock valued at $11,027,693. 1.67% of the stock is owned by insiders.

Golden Metal Resources Company Profile

Guardian Metal Resources plc (“GMET”) is listed on LON as well as on the OTCQX (“GMTLF”) and holds resource development and exploration stage mineral projects in the mining friendly state of Nevada, USA.