Hamak Gold (LON:HAMA) Shares Down 9.1% – Here’s What Happened

Hamak Gold Limited (LON:HAMAGet Free Report) was down 9.1% during trading on Friday . The company traded as low as GBX 1 and last traded at GBX 1. Approximately 249,087 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 2,927,468 shares. The stock had previously closed at GBX 1.10.

Hamak Gold Price Performance

The company’s 50-day moving average is GBX 1.28 and its two-hundred day moving average is GBX 2.01. The firm has a market cap of £4.52 million, a P/E ratio of -0.50 and a beta of 0.20.

Insider Buying and Selling at Hamak Gold

In related news, insider Nicholas Karl Smithson bought 947,965 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were bought at an average price of GBX 1 per share, for a total transaction of £9,479.65. 21.87% of the stock is owned by corporate insiders.

About Hamak Gold

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Hamak Strategy Ltd. (LSE: HAMA / OTCQB: HASTF), a Company combining traditional gold exploration in Africa with a Digital Asset Treasury Management strategy.

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