Hamak Gold (LON:HAMA) Shares Down 13.3% – Here’s What Happened

Shares of Hamak Gold Limited (LON:HAMAGet Free Report) fell 13.3% during mid-day trading on Thursday . The company traded as low as GBX 0.65 and last traded at GBX 0.65. Approximately 2,621,552 shares were traded during trading, an increase of 17% from the average session volume of 2,234,556 shares. The stock had previously closed at GBX 0.75.

Hamak Gold Stock Performance

The company’s 50 day moving average is GBX 0.85 and its 200 day moving average is GBX 1.04. The stock has a market capitalization of £2.94 million, a price-to-earnings ratio of -0.65 and a beta of 0.20.

Insider Buying and Selling

In other news, insider Karl Smithson sold 2,222,223 shares of Hamak Gold stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of GBX 1, for a total transaction of £22,222.23. 22.04% of the stock is currently owned by company insiders.

Hamak Gold Company Profile

(Get Free Report)

Hamak Strategy Ltd. (LSE: HAMA / OTCQB: HASTF), a Company combining traditional gold exploration in Africa with a Digital Asset Treasury Management strategy.

Further Reading

Receive News & Ratings for Hamak Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hamak Gold and related companies with MarketBeat.com's FREE daily email newsletter.