Erratic Trading Showing Unusual Volume in Shares of General Moly, Inc. (:GMO) and Greif, Inc. (NYSE:GEF)

Shares of General Moly, Inc. (:GMO) are experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $0.32 at the time of writing.  The day’s total volume of 847387 this morning is in contrast from the three-month daily average of 228.36K.  When we divide the current volume by the three-month average volume, we get a relative volume of 4.27.

General Moly, Inc. (:GMO)‘s market cap, the total dollar value of all of their outstanding shares, is 31.71m.  Including today’s unusual volume, General Moly, Inc.‘s stock is performing at 18.11% on the year.  For the week, the stock is performing 1.86%.  Over the past month the firm’s stock is 1.86%, -34.60% for the last quarter, -32.09% for the past six-months and 8.76% for the last year.

Current levels places General Moly, Inc. (:GMO)’s stock about -27.08% from the 50-day high and 14.97% away from the 50-day low.  

Greif, Inc. (NYSE:GEF) stock is experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $64.12.  The day’s total volume of 1315472 this morning is in contrast from the three-month daily average of 224.41K.  When we divide the current volume by the three-month average volume, we get a relative volume of 6.75.

Why is this important?

Trading volume is a hugely important consideration for any investor.  By watching how many shares are trading hands and looking for any changes in that activity, trading opportunities can be spotted along with a deeper understanding of the reliability of other indicators on the stock. 

Looking Back

Greif, Inc. (NYSE:GEF)‘s market cap, the total dollar value of all of their outstanding shares, is 2780.43m.  Including today’s unusual volume, Greif, Inc.‘s stock is performing at 6.86% on the year.  For the week, the stock is performing 1.93%.  Over the past month the firm’s stock is 0.59%, -4.28% for the last quarter, -0.36% for the past six-months and 3.49% for the last year.

Current levels places Greif, Inc. (NYSE:GEF)’s stock about 7.87% from the 50-day high and 25.87% away from the 50-day low.  

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