General Moly Falls 8.52%

Shares of development-stage mining company General Moly GMO have lost 8.52% on Wednesday and are trading at $4.20. The stock is down 35% year to date and has lost more than 15% in the last 3 months. Volume has been a little lighter than normal, with around 800,000 GMO shares trading hands. General Moly, Inc. (GMI) is a development-stage company in the business of the exploration, development and mining of properties primarily containing molybdenum. The Company's primary asset is 80% interest in the Mt. Hope Project (Mt. Hope Project), a primary molybdenum property, located in Eureka County, Nevada.