Golden Prospect Precious Metal (LON:GPM) Stock Price Down 2.9% – Here’s What Happened

Golden Prospect Precious Metal (LON:GPM) traded down 2.9% during mid-day trading on Tuesday . The stock traded as low as GBX 80 and last traded at GBX 81.88. 437,996 shares traded hands during trading, a decline of 41% from the average session volume of 743,672 shares. The stock had previously closed at GBX 84.33.

Golden Prospect Precious Metal Trading Down 2.9%

The business has a 50 day moving average price of GBX 85.88 and a 200-day moving average price of GBX 67.99. The firm has a market capitalization of £76.35 million and a PE ratio of 10.34.

Golden Prospect Precious Metal (LON:GPM) last posted its quarterly earnings results on Friday, September 12th. The company reported GBX 23.92 earnings per share for the quarter. Golden Prospect Precious Metal had a negative return on equity of 4.42% and a net margin of 127.97%.

Insider Activity at Golden Prospect Precious Metal

In related news, insider Toby Birch purchased 10,400 shares of the stock in a transaction dated Monday, September 22nd. The shares were acquired at an average cost of GBX 82 per share, with a total value of £8,528. Insiders own 1.61% of the company’s stock.

About Golden Prospect Precious Metal

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.