General Moly Inc. (GMO) CEO Buys $10,800.00 in Stock

General Moly Inc. (NYSEMKT:GMO) CEO Bruce D. Hansen purchased 40,000 shares of the firm’s stock in a transaction dated Wednesday, October 12th. The stock was purchased at an average cost of $0.27 per share, with a total value of $10,800.00. Following the acquisition, the chief executive officer now directly owns 2,801,683 shares in the company, valued at $756,454.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

General Moly Inc. (NYSEMKT:GMO) opened at 0.2428 on Wednesday. The company’s market cap is $26.85 million. General Moly Inc. has a 12-month low of $0.15 and a 12-month high of $0.47. The firm’s 50-day moving average price is $0.28 and its 200-day moving average price is $0.33.

General Moly (NYSEMKT:GMO) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.02) EPS for the quarter. Equities research analysts forecast that General Moly Inc. will post ($0.07) earnings per share for the current fiscal year.

General Moly Company Profile

General Moly, Inc is engaged in the business of the exploration, development and mining of properties containing molybdenum. The Company, through its subsidiary, Eureka Moly, LLC, holds interest in the Mt. Hope Project, a molybdenum property, located in Eureka County, Nevada. The Mt. Hope Project contains molybdenum reserves totaling approximately 1.4 billion pounds of which 1.2 billion pounds are estimated to be recoverable.

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