General Moly (TSE:GMO) Stock Price Down 12.2%
General Moly, Inc. (TSE:GMO) (NYSEMKT:GMO)’s share price dropped 12.2% on Tuesday . The stock traded as low as C$0.35 and last traded at C$0.36, approximately 3,500 shares changed hands during mid-day trading. A decline of 12% from the average daily volume of 3,973 shares. The stock had previously closed at C$0.41.
The stock has a market capitalization of $66.01 million and a P/E ratio of -5.00. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 2.59. The stock has a fifty day simple moving average of C$0.48.
About General Moly (TSE:GMO)
General Moly, Inc, together with its subsidiary, Eureka Moly, LLC, engages in the exploration, development, and mining of mineral properties in the United States. The company explores for molybdenum and copper deposits. It primarily has an 80% interest in the Mt. Hope project consisting of 13 patented lode claims and 1 mill site claim with proven and probable molybdenum reserves totaling approximately 1.4 billion pounds located in Eureka County, Nevada.
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