Great Southern Copper (LON:GSCU) Trading Up 12.2% on Insider Buying Activity

Shares of Great Southern Copper PLC (LON:GSCU) were up 12.2% during trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as GBX 2.30 and last traded at GBX 2.30. Approximately 2,284,845 shares changed hands during trading, a decline of 6% from the average daily volume of 2,428,465 shares. The stock had previously closed at GBX 2.05.

Specifically, insider Samuel James Melville Garrett purchased 175,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of GBX 212 per share, for a total transaction of £371,000. Also, insider Samuel James Melville Garrett bought 300,000 shares of Great Southern Copper stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of GBX 210 per share, with a total value of £630,000.

Great Southern Copper Trading Up 12.2%

The firm’s 50-day moving average price is GBX 2.60 and its 200 day moving average price is GBX 2.76. The company has a market capitalization of £17.79 million, a price-to-earnings ratio of -5.62 and a beta of -0.41.

Great Southern Copper (LON:GSCU) last issued its quarterly earnings data on Wednesday, July 29th. The company reported GBX (0.41) earnings per share for the quarter.

Great Southern Copper Company Profile

Great Southern Copper is a mineral exploration company focused on copper-gold deposits in Chile. The Company has the option to acquire rights to 100% of two projects that are prospective for large porphyry copper-gold deposits in the underexplored coastal belt of Chile, a globally significant mining jurisdiction and the world’s largest copper producer.