Matador Mining Ltd (ASX:MZZ)’s stock price shot up 8.5% on Monday . The company traded as high as A$0.32 ($0.23) and last traded at A$0.32 ($0.23), 362,064 shares changed hands during mid-day trading. The stock had previously closed at A$0.30 ($0.21).
The stock’s 50-day simple moving average is A$0.29. The stock has a market cap of $27.24 million and a PE ratio of -3.40.
In related news, insider Grant Davey 13,470,834 shares of the company’s stock in a transaction dated Monday, July 15th. Also, insider Keith Bowes 1,000,000 shares of the company’s stock in a transaction dated Tuesday, July 2nd.
Matador Mining Limited engages in the mining and mineral exploration activities. The company primarily explores for gold and copper deposits. It holds 80% interest in the Cape Ray gold project located in Newfoundland, Canada. The company was incorporated in 2016 and is based in Perth, Australia.
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