Hamak Gold (LON:HAMA) Shares Down 6.9% – Here’s Why

Hamak Gold Limited (LON:HAMAGet Free Report) shares dropped 6.9% during trading on Tuesday . The stock traded as low as GBX 1.45 and last traded at GBX 1.49. Approximately 1,708,795 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 3,374,906 shares. The stock had previously closed at GBX 1.60.

Hamak Gold Stock Performance

The company has a 50 day moving average of GBX 1.25 and a 200 day moving average of GBX 2.54. The stock has a market capitalization of £6.73 million, a price-to-earnings ratio of -0.74 and a beta of 0.20.

Insider Buying and Selling at Hamak Gold

In related news, insider Nicholas Karl Smithson acquired 947,965 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were purchased at an average cost of GBX 1 per share, for a total transaction of £9,479.65. Corporate insiders own 21.87% of the company’s stock.

About Hamak Gold

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

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