| General Moly (GMO) Looks Good: Stock Surges 25.9% - Tale of the Tape | |
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General Moly, Inc. (GMO) was a big mover last session with its shares surging nearly 26% on the day. The upside was owing to the company’s announcement of a significant Investment and Security Purchase Agreement with AMER International Group. The strategic partnership is expected to further the company’s ability to secure full project financing for the Mt. Hope Project. This development led to far more shares changing hands yesterday than in a normal session. The move continues the recent uptrend of the company as the stock has gained roughly 83% in the past one-month time frame.
This industrial mining and exploration company has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate has also remained unchanged over the same period. Friday’s rally is encouraging though, so make sure to keep a close watch on this stock in the near future.
General Moly currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the mining industry may consider a better-ranked stock like Mountain Province Diamonds Inc. (MDM) which sports a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GENERAL MOLY IN (GMO): Free Stock Analysis Report MTN PROV DMND (MDM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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General Moly Inc.
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DEVELOPMENT STAGE |
CODE : GMO |
ISIN : US3703731022 |
CUSIP : 451272306 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
General Moly is a molybdenum development stage company based in United states of america. Its main assets in development are MOUNT HOPE and LIBERTY in USA. General Moly is listed in Canada and in United States of America. Its market capitalisation is US$ 16.4 millions as of today (€ 13.6 millions). Its stock quote reached its highest recent level on November 23, 2007 at US$ 9.90, and its lowest recent point on August 28, 2020 at US$ 0.10. General Moly has 125 802 023 shares outstanding. |