Golden Metal Resources (LON:GMET) Stock Price Up 15.2% – Should You Buy?

Golden Metal Resources PLC (LON:GMET) shares shot up 15.2% on Wednesday . The stock traded as high as GBX 260 and last traded at GBX 250. 1,217,849 shares traded hands during 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 Stock Performance

The company has a market cap of £421.82 million, a PE ratio of -62.50 and a beta of 1.07. The company’s 50-day simple moving average is GBX 210.77 and its 200 day simple moving average is GBX 148.25.

Insider Activity

In related news, insider J.T Starzecki bought 37,250 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was purchased at an average cost of GBX 149 per share, with a total value of £55,502.50. Also, insider Oliver Friesen purchased 20,100 shares of the business’s stock in a transaction on Monday, January 12th. The shares were bought at an average price of GBX 148 per share, for a total transaction of £29,748. Over the last three months, insiders have purchased 74,851 shares of company stock worth $11,027,693. Corporate insiders own 1.67% of the company’s stock.

Golden Metal Resources Company Profile

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.