Generation Mining (TSE:GENM) Trading Down 2.2% – What’s Next?

Generation Mining Limited (TSE:GENMGet Free Report) shares dropped 2.2% during trading on Tuesday . The company traded as low as C$0.23 and last traded at C$0.23. Approximately 26,754 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 213,076 shares. The stock had previously closed at C$0.23.

Generation Mining Stock Performance

The company has a fifty day moving average of C$0.24 and a two-hundred day moving average of C$0.26. The firm has a market capitalization of C$53.21 million, a price-to-earnings ratio of -2.81 and a beta of 1.64. The company has a debt-to-equity ratio of 8.15, a quick ratio of 3.61 and a current ratio of 3.40.

Insider Buying and Selling at Generation Mining

In related news, Director Jamie Levy purchased 162,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average cost of C$0.22 per share, for a total transaction of C$34,830.00. Insiders own 20.36% of the company’s stock.

About Generation Mining

(Get Free Report)

Generation Mining Limited, an exploration and development stage company, focuses on the mining of base and precious metal deposits in Canada. The company explores for molybdenum, tungsten, palladium, copper, platinum, gold, and silver deposits. It holds 100% interest in the Marathon palladium-copper project located in north-western Ontario.

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