Golden Metal Resources (LON:GMET) Shares Up 15.2% – Still a Buy?

Golden Metal Resources PLC (LON:GMET) shares traded up 15.2% during mid-day trading on Wednesday . The stock traded as high as GBX 260 and last traded at GBX 250. 1,217,849 shares traded hands during mid-day trading, an increase of 135% from the average session volume of 518,949 shares. The stock had previously closed at GBX 217.

Golden Metal Resources Price Performance

The firm has a market capitalization of £430.26 million, a P/E ratio of -63.75 and a beta of 1.07. The stock’s fifty day simple moving average is GBX 213.79 and its 200 day simple moving average is GBX 149.42.

Insider Buying and Selling

In other news, insider Oliver Friesen acquired 20,100 shares of Golden Metal Resources stock in a transaction that occurred on Monday, January 12th. The stock was purchased at an average price of GBX 148 per share, for a total transaction of £29,748. Also, insider Ben Hodges bought 17,501 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were purchased at an average cost of GBX 143 per share, with a total value of £25,026.43. Insiders bought a total of 74,851 shares of company stock worth $11,027,693 in the last 90 days. 1.67% of the stock is owned by corporate insiders.

About Golden Metal Resources

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.