Tertiary Minerals (LON:TYM) Shares Up 10% – Here’s Why

Tertiary Minerals plc (LON:TYM)’s share price was up 10% on Thursday . The company traded as high as GBX 0.09 and last traded at GBX 0.08. Approximately 78,779,273 shares changed hands during mid-day trading, an increase of 45% from the average daily volume of 54,368,031 shares. The stock had previously closed at GBX 0.07.

Tertiary Minerals Stock Performance

The stock has a fifty day moving average price of GBX 0.06 and a 200-day moving average price of GBX 0.05. The firm has a market cap of £5.15 million, a PE ratio of -5.00 and a beta of -0.50.

Insiders Place Their Bets

In other Tertiary Minerals news, insider Patrick Cheetham bought 19,157,000 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were acquired at an average cost of GBX 5 per share, with a total value of £957,850. Insiders own 4.20% of the company’s stock.

Tertiary Minerals Company Profile

Tertiary Minerals plc, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of mineral projects. It explores for base and precious metal, copper, gold, and silver deposits in Zambia and in Nevada. Tertiary Minerals plc was incorporated in 1999 and is headquartered in Macclesfield, the United Kingdom.