Generation Mining (TSE:GENM) Stock Price Down 6.3% – Here’s What Happened

Generation Mining Limited (TSE:GENMGet Free Report)’s share price fell 6.3% on Tuesday . The company traded as low as C$0.58 and last traded at C$0.59. 817,925 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 911,672 shares. The stock had previously closed at C$0.63.

Generation Mining Price Performance

The stock has a fifty day simple moving average of C$0.63 and a 200-day simple moving average of C$0.66. The company has a market capitalization of C$190.41 million, a PE ratio of -3.47 and a beta of 2.09. The company has a current ratio of 8.99, a quick ratio of 3.61 and a debt-to-equity ratio of -2.46.

Generation Mining (TSE:GENMGet Free Report) last issued its earnings results on Friday, May 15th. The company reported C($0.06) earnings per share for the quarter.

Insiders Place Their Bets

In related news, insider George Frederich Meintjes acquired 81,687 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were bought at an average price of C$0.60 per share, with a total value of C$49,012.20. Following the completion of the acquisition, the insider owned 81,687 shares in the company, valued at C$49,012.20. This trade represents a ∞ increase in their ownership of the stock. Insiders own 20.36% of the company’s stock.

About Generation Mining

(Get Free Report)

Generation Mining’s focus is the development of the Marathon Project , a large undeveloped copper-palladium deposit in Northwestern Ontario . The Marathon Property covers a land package of approximately 36,398 hectares (364 km2). Gen Mining is dedicated to fostering a greener future by promoting sustainability, empowering communities, and delivering value to our stakeholders.

Further Reading

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