Great Southern Copper (LON:GSCU) Shares Up 10.2% – Here’s What Happened

Great Southern Copper PLC (LON:GSCU)’s share price was up 10.2% during trading on Monday . The stock traded as high as GBX 5.14 ($0.07) and last traded at GBX 4.92 ($0.06). Approximately 8,931,692 shares traded hands during mid-day trading, an increase of 134% from the average daily volume of 3,822,143 shares. The stock had previously closed at GBX 4.46 ($0.06).

Great Southern Copper Stock Down 7.2 %

The company has a market cap of £23.50 million, a price-to-earnings ratio of -0.01 and a beta of -0.41. The business’s fifty day simple moving average is GBX 2.52 and its two-hundred day simple moving average is GBX 1.80.

Insider Buying and Selling

In other news, insider Charles Richard William Bond acquired 379,822 shares of Great Southern Copper stock in a transaction on Tuesday, April 1st. The stock was bought at an average price of GBX 5 ($0.06) per share, for a total transaction of £18,991.10 ($24,552.17). 74.30% of the stock is owned by company insiders.

About Great Southern Copper

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.