Great Southern Copper (LON:GSCU) Stock Price Up 4.5% – Should You Buy?

Shares of Great Southern Copper PLC (LON:GSCU) were up 4.5% during mid-day trading on Wednesday . The company traded as high as GBX 2.90 and last traded at GBX 2.90. Approximately 357,582 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 2,807,502 shares. The stock had previously closed at GBX 2.78.

Great Southern Copper Trading Up 4.5%

The stock’s 50-day simple moving average is GBX 2.82 and its 200-day simple moving average is GBX 2.91. The firm has a market capitalization of £22.32 million, a P/E ratio of -3.27 and a beta of -0.41.

Insider Transactions at Great Southern Copper

In other Great Southern Copper news, insider Nicholas Michael Briers sold 833,333 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of GBX 3, for a total value of £24,999.99. Also, insider Charles Richard William Bond acquired 736,856 shares of Great Southern Copper stock in a transaction on Wednesday, March 25th. The stock was purchased at an average cost of GBX 2 per share, with a total value of £14,737.12. Corporate insiders own 3.36% of the company’s stock.

About Great Southern Copper

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.