GoldMining (TSE:GOLD) Trading Up 2.7% – Here’s Why

GoldMining Inc. (TSE:GOLDGet Free Report) shares shot up 2.7% during trading on Wednesday . The company traded as high as C$1.15 and last traded at C$1.15. 35,229 shares changed hands during trading, a decline of 29% from the average session volume of 49,309 shares. The stock had previously closed at C$1.12.

GoldMining Trading Up 2.7 %

The firm has a market cap of C$217.03 million, a PE ratio of -8.85 and a beta of 1.37. The firm has a fifty day simple moving average of C$1.20 and a two-hundred day simple moving average of C$1.23. The company has a current ratio of 4.19, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

About GoldMining

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GoldMining Inc, a mineral exploration company, focuses on the acquisition, exploration, and development of gold assets in the Americas. It operates a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the United States, Brazil, Colombia, and Peru. The company's principal projects include La Mina Gold Project and Titiribi Gold-Copper Project located in Colombia; Whistler Gold-Copper Project located in Alaska, the United States; and São Jorge Gold Project located in the State of Pará, Brazil.

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