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General Moly (NYSE:GMO) shares are trading higher on Thursday after the company announced a letter of intent to sell the liberty project to Pathfinder Minerals for $1 million in cash.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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General Moly is a U.S.-based mineral company. It is engaged in the business of exploration, development, and mining of properties containing molybdenum. The company owns two moly projects: an 80% interest in the Mt. Hope project and 100% of the Liberty project. Both projects are located in Nevada.
General Moly traded up 19.97% to 14 cents per share on Thursday. The stock has a 52-week high of 37 cents and a 52-week low of 10 cents.