Golden Prospect Precious Metal (LON:GPM) Trading 4% Higher – Time to Buy?

Shares of Golden Prospect Precious Metal (LON:GPMGet Free Report) rose 4% on Monday . The stock traded as high as GBX 118.29 and last traded at GBX 117.99. Approximately 364,568 shares were traded during mid-day trading, a decline of 62% from the average session volume of 965,015 shares. The stock had previously closed at GBX 113.50.

Golden Prospect Precious Metal Trading Down 1.3%

The firm has a market cap of £92.81 million, a P/E ratio of 1.42 and a beta of 1.24. The business has a 50-day moving average price of GBX 96.06 and a 200-day moving average price of GBX 98.69.

Insiders Place Their Bets

In other Golden Prospect Precious Metal news, insider Christopher Waldron bought 30,000 shares of the company’s stock in a transaction on Monday, August 24th. The shares were bought at an average cost of GBX 118 per share, for a total transaction of £35,400. 1.85% of the stock is currently owned by company insiders.

About Golden Prospect Precious Metal

(Get Free Report)

Golden Prospect Precious Metals (LSE:GPM) investment trust is a closed-end investment company, which invests in gold and precious metals companies.

The fund is run by experienced fund managers – Keith Watson and Robert Crayfourd and seeks to provide investors with capital growth, from a portfolio of companies involved in the gold and precious metals sector.

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