Golden Prospect Precious Metal (LON:GPM) Stock Price Up 0.6% – Still a Buy?

Golden Prospect Precious Metal (LON:GPM) traded up 0.6% during mid-day trading on Tuesday . The stock traded as high as GBX 112 and last traded at GBX 110.65. Approximately 672,534 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 917,179 shares. The stock had previously closed at GBX 110.

Golden Prospect Precious Metal Stock Performance

The stock has a market capitalization of £90.08 million, a price-to-earnings ratio of 2.74 and a beta of 1.22. The company has a fifty day simple moving average of GBX 100.81 and a 200 day simple moving average of GBX 100.19.

Insider Transactions at Golden Prospect Precious Metal

In related news, insider Christopher Waldron bought 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were bought at an average price of GBX 118 per share, for a total transaction of £35,400. Company insiders own 1.88% of the company’s stock.

Golden Prospect Precious Metal Company Profile

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.