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General Moly Inc (GMO) [hlAlert]

Rating:
Underperform
GMO
up 756.81 %

General Moly Inc (GMO) downgraded to Underperform by BofA/Merrill

Posted on: Tuesday,  Nov 27, 2012  8:25 AM ET by BofA/Merrill

BofA/Merrill rated Underperform General Moly Inc (AMEX: GMO) on 11/27/2012, when the stock price was $3.77. Since
then, General Moly Inc has lost 88.33% as of 08/27/2015's recent price of $0.44.
If you would have followed this BofA/Merrill's recommendation on GMO, you would have gained 756.81% of your investment in 1003 days.

General Moly, Inc. (GMI) is a development stage company engaged in the business of exploration, development and mining of properties primarily containing molybdenum. The Company?s primary asset is an 80% interest in the Mt. Hope Project (Mt. Hope Project), a primary molybdenum property, located in Eureka County, Nevada. It owns interest in the Liberty Property (the Liberty Property), located in Nye County, Nevada. In addition, it owns other non-core properties and mineral rights. In February 2008, the Company formed a joint venture with POS-Minerals Corporation (POS-Minerals), an affiliate of POSCO, a Korean steel company for the development of the Mt. Hope Project.

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/27/2012 8:25 AM Sell
None
3.77
as of 12/31/2012
1 Week down  -3.08 %
1 Month down  -6.93 %
3 Months down  -15.50 %
1 YTD down  -26.49 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/8/2012 8:25 AM Hold
None
3.46
7/26/2012 8:27 AM Sell
None
2.88

(*) Stock Price at the time of the recommendation.
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