Galena Mining Ltd (ASX:G1A) shares were up 1.4% during trading on Wednesday . The company traded as high as A$0.35 ($0.25) and last traded at A$0.35 ($0.25), approximately 294,274 shares were traded during mid-day trading. An increase of 173% from the average daily volume of 107,937 shares. The stock had previously closed at A$0.35 ($0.24).
The company has a 50-day moving average of A$0.37. The company has a market capitalization of $127.58 million and a PE ratio of -70.00.
In related news, insider Alexander Molyneux purchased 2,500,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average cost of A$0.39 ($0.28) per share, with a total value of A$975,000.00 ($691,489.36).
Galena Mining Limited engages in the acquisition and exploration of mineral projects in Australia. It explores for lead, silver, copper, and gold deposits. The company owns a 100% interest in the Abra Base Metals project located in the Gascoyne region, Western Australia. Its projects also include the Mulgul and the Jillawarra-woodlands projects.
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