University of Texas Investment Managment Co. continued to hold its position in General Moly, Inc. (NYSEMKT:GMO) (TSE:GMO) during the first quarter, Holdings Channel reports. The firm owned 2,922,831 shares of the basic materials company’s stock at the end of the first quarter. General Moly comprises approximately 3.8% of University of Texas Investment Managment Co.’s investment portfolio, making the stock its 10th largest position. University of Texas Investment Managment Co. owned about 2.63% of General Moly worth $1,461,000 as of its most recent SEC filing.
General Moly, Inc. (NYSEMKT:GMO) traded up 0.6849% during trading on Thursday, hitting $0.3675. The stock had a trading volume of 38,442 shares. The company’s market cap is $40.85 million. General Moly, Inc. has a 52 week low of $0.21 and a 52 week high of $0.72. The company has a 50-day moving average of $0.48 and a 200 day moving average of $0.37.
General Moly (NYSEMKT:GMO) last released its earnings results on Thursday, March 16th. The basic materials company reported ($0.01) EPS for the quarter. On average, equities research analysts anticipate that General Moly, Inc. will post ($0.08) EPS for the current year.
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Separately, Zacks Investment Research upgraded General Moly from a “sell” rating to a “hold” rating in a research report on Tuesday, January 10th.
About General Moly
General Moly, Inc is engaged in the business of the exploration, development and mining of properties containing molybdenum. The Company, through its subsidiary, Eureka Moly, LLC, holds interest in the Mt. Hope Project, a molybdenum property, located in Eureka County, Nevada. The Mt. Hope Project contains molybdenum reserves totaling approximately 1.4 billion pounds of which 1.2 billion pounds are estimated to be recoverable.
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