General Moly, Inc. (GMO) was a big mover last session, as the company saw its shares rise roughly 57% on the day. The move came on the company’s announcement of $8.5 million of private placement financing, which was expected to close on Dec 26, 2014. The rise was attributable to solid volume too, with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $0.28 to $0.59 in the last one-month time frame.
The company has seen no estimate revisions over the past 30 days, and the Zacks Consensus Estimate is unchanged over the same time frame. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
General Moly currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
A better-ranked mining stock is Dominion Diamond Corporation (DDC), sporting a Zacks Rank #2 (Buy).
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GENERAL MOLY IN (GMO): Free Stock Analysis Report
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