Hamak Gold (LON:HAMA) Trading Up 24% – Time to Buy?

Hamak Gold Limited (LON:HAMAGet Free Report) shares rose 24% on Thursday . The stock traded as high as GBX 0.90 and last traded at GBX 0.90. Approximately 2,722,089 shares traded hands during trading, an increase of 33% from the average daily volume of 2,043,414 shares. The stock had previously closed at GBX 0.73.

Hamak Gold Price Performance

The stock has a fifty day moving average price of GBX 0.88 and a 200-day moving average price of GBX 1.10. The company has a market cap of £4.07 million, a PE ratio of -0.45 and a beta of 0.20.

Insider Buying and Selling at Hamak Gold

In other Hamak Gold news, insider Mike Murphy sold 750,000 shares of the stock in a transaction on Monday, March 23rd. The shares were sold at an average price of GBX 1, for a total transaction of £7,500. Also, insider Karl Smithson sold 2,222,223 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of GBX 1, for a total transaction of £22,222.23. Over the last quarter, insiders have sold 4,523,056 shares of company stock valued at $4,523,056. 21.87% of the stock is owned by corporate insiders.

Hamak Gold Company Profile

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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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