General Moly, Inc. (NYSEAMERICAN:GMO) (TSE:GMO)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $0.20. General Moly shares last traded at $0.20, with a volume of 985 shares.
Separately, Zacks Investment Research upgraded General Moly from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th.
An institutional investor recently raised its position in General Moly stock. Lindbrook Capital LLC boosted its holdings in General Moly, Inc. (NYSEAMERICAN:GMO) (TSE:GMO) by 5,051.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 257,589 shares of the basic materials company’s stock after acquiring an additional 252,589 shares during the period. Lindbrook Capital LLC owned 0.19% of General Moly worth $90,000 at the end of the most recent reporting period.
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.
See Also: Why are trading ranges significant?
Receive News & Ratings for General Moly Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Moly and related companies with MarketBeat.com's FREE daily email newsletter.