Gran Colombia Gold (TSE:GCM) Shares Pass Above 200-Day Moving Average of $4.71

Gran Colombia Gold Corp (TSE:GCM) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.71 and traded as high as $5.06. Gran Colombia Gold shares last traded at $5.01, with a volume of 285,159 shares traded.

Separately, Fundamental Research lowered their price objective on Gran Colombia Gold from C$6.63 to C$6.49 and set a “top pick” rating for the company in a research note on Monday, November 18th.

The company has a market cap of $254.57 million and a P/E ratio of 9.34. The company has a 50 day moving average price of C$4.85 and a 200-day moving average price of C$4.71. The company has a quick ratio of 1.20, a current ratio of 1.59 and a debt-to-equity ratio of 37.98.

In other news, Director Hernan Martinez sold 46,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of C$5.65, for a total value of C$259,670.00. Following the completion of the transaction, the director now owns 597,075 shares of the company’s stock, valued at C$3,370,488.38. Also, Director Robert Metcalfe sold 22,000 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of C$5.57, for a total value of C$122,500.40. Following the completion of the transaction, the director now directly owns 493 shares of the company’s stock, valued at approximately C$2,745.12. In the last three months, insiders sold 90,200 shares of company stock valued at $507,261.

Gran Colombia Gold Company Profile (TSE:GCM)

Gran Colombia Gold Corp., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of gold and silver properties primarily in Colombia. It holds interests in the Segovia operations comprising the El Silencio, Providencia, Sandra K, and the Carla underground mines located in Colombia; and the Marmato gold project situated in Colombia.

Further Reading: What is a Reverse Stock Split?

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