General Moly (NYSEAMERICAN:GMO) Stock Price Up 29%

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.

An institutional investor recently bought a new position in General Moly stock. Signature Estate & Investment Advisors LLC acquired a new position in shares of General Moly, Inc. (NYSEAMERICAN:GMO) (TSE:GMO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 98,000 shares of the basic materials company’s stock, valued at approximately $34,000. Signature Estate & Investment Advisors LLC owned approximately 0.07% of General Moly at the end of the most recent 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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