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Summary

  • Three insiders purchased General Moly stock within one month.
  • The stock was sold by no insiders in the month of intensive purchasing.
  • All three of these insiders increased their holdings by more than 10%.

General Moly (NYSEMKT:GMO) explores for, develops, and mines molybdenum properties primarily in the United States.

(click to enlarge)

Insider buying during the last 30 days

Here is a table of General Moly's insider activity during the last 30 days.

NameTitleTrade DateShares PurchasedCurrent OwnershipIncrease In Shares
Robert PenningtonVPApril 10100,000513,486 shares+24.2%
Bruce HansenCEOApril 10140,0001,307,574 shares+12.0%
Scott RoswellVPApril 1011,000104,853 shares+11.7%

There have been 251,000 shares purchased by insiders during the last 30 days.

Insider buying by calendar month

Here is a table of General Moly's insider activity by calendar month.

MonthInsider buying / sharesInsider selling / shares
April 2014251,0000
March 201400
February 201400
January 201400
December 201300
November 201300
October 201300
September 201300
August 2013026,826
July 201300
June 201300
May 20137,3000
April 201330,0000
March 201300
February 2013051,134
January 201306,400

There have been 288,300 shares purchased, and there have been 84,360 shares sold by insiders since January 2013. The month of April 2014 has seen the most insider buying.

Financials

General Moly reported the full-year 2013 financial results on March 12 with the following highlights:

Revenue$0
Net loss$16.3 million
Cash$21.7 million
Debt$0.8 million

The three insiders purchased their shares after these results.

Upcoming milestones

General Moly has the following upcoming milestones:

ProjectMilestoneTiming
Mt. HopeWater permits appeal decisionQ2/2014
Mt. HopeFinancing and construction2014
LibertyPEASummer 2014

Competition

General Moly's competitors include Thompson Creek Metals Company (NYSE:TC) and Taseko Mines (NYSEMKT:TGB). Here is a table comparing these companies.

CompanyGMOTCTGB
Market Cap:92.72M471.52M396.18M
Employees:381,240N/A
Qtrly Rev Growth (yoy):N/A0.180.51
Revenue:N/A434.40M295.61M
Gross Margin:N/A0.130.15
EBITDA:-9.42M66.30M48.97M
Operating Margin:N/A0.020.04
Net Income:-16.30M-215.00M-35.51M
EPS:-0.18-1.26-0.19
PEG (5 yr expected):N/A3.32N/A
P/S:N/A1.161.38
P/B:0.670.450.93
Insider Ownership:26.48%15.89%N/A

General Moly has the highest insider ownership among these three companies.

Here is a table of these competitors' insider activities this year.

CompanyInsider buying / sharesInsider selling / shares
TC00
TGB6,430211,000

Only General Moly has seen intensive insider buying during the last 30 days.

Conclusion

There have been three different insiders buying General Moly, and there have not been any insiders selling General Moly during the last 30 days. All three of these insiders increased their holdings by more than 10%. General Moly has an insider ownership of 26.48%.

(click to enlarge)

(Source: Investor presentation)

The three insiders purchased their shares at prices ranging from $0.91 to $0.97. I believe General Moly could be a good pick below $0.97 based on the intensive insider buying.

(click to enlarge)

(Source: Investor presentation)

Disclosure: I am long TC, GMO. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.

Source: General Moly: 3 Different Insiders Have Purchased Shares This Month