Great Southern Copper (LON:GSCU) Shares Down 11.1% – Time to Sell?

Shares of Great Southern Copper PLC (LON:GSCU) were down 11.1% during mid-day trading on Monday . The stock traded as low as GBX 2.91 ($0.04) and last traded at GBX 3 ($0.04). Approximately 4,989,281 shares traded hands during trading, an increase of 48% from the average daily volume of 3,367,577 shares. The stock had previously closed at GBX 3.38 ($0.05).

Great Southern Copper Stock Down 11.1%

The firm has a market capitalization of £14.61 million, a PE ratio of -0.01 and a beta of -0.41. The company’s 50-day simple moving average is GBX 3.71 and its 200 day simple moving average is GBX 2.73.

Insider Activity at Great Southern Copper

In other Great Southern Copper news, insider Charles Richard William Bond bought 379,822 shares of Great Southern Copper stock in a transaction on Tuesday, April 1st. The shares were bought at an average price of GBX 5 ($0.07) per share, for a total transaction of £18,991.10 ($25,729.71). 74.30% of the stock is owned by insiders.

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.