No Upside Potential for General Moly Until Financing Issues Resolved

iStockAnalyst reported that disruptions in the financing of General Moly Inc.’s (TSX:GMO) Mount Hope project have caused a correction in the company’s share price. So far its shares are down 56 percent year-on-year.

As quoted in the market news:

“We believe any upside potential for the shares will remained capped until there is clarity on who will provide project financing and when,” RBC Capital Markets analyst Fraser Phillips said in a client note.

Click here to read the full iStockAnalyst report.