General Moly, Inc. (NYSEAMERICAN:GMO) (TSE:GMO) shares rose 29% during trading on Friday . The company traded as high as $0.27 and last traded at $0.25, approximately 2,320,098 shares changed hands during trading. An increase of 558% from the average daily volume of 352,825 shares. The stock had previously closed at $0.19.
Separately, Zacks Investment Research upgraded shares of General Moly from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th.
General Moly (NYSEAMERICAN:GMO) (TSE:GMO) last posted its quarterly earnings data on Tuesday, May 14th. The basic materials company reported ($0.01) earnings per share for the quarter.
General Moly Company Profile (NYSEAMERICAN: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% interests 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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