Shares of Generation Mining Limited (TSE:GENM – Get Free Report) hit a new 52-week low on Tuesday. The company traded as low as C$0.45 and last traded at C$0.46, with a volume of 790,985 shares changing hands. The stock had previously closed at C$0.46.
Generation Mining Stock Performance
The company has a 50 day moving average price of C$0.65 and a 200-day moving average price of C$0.64. The company has a current ratio of 4.04, a quick ratio of 3.61 and a debt-to-equity ratio of -1.90. The company has a market cap of C$147.07 million, a P/E ratio of -2.39 and a beta of 2.40.
Generation Mining (TSE:GENM – Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C($0.05) earnings per share for the quarter.
Insider Transactions at Generation Mining
In other Generation Mining news, Director Kerry Knoll bought 200,000 shares of the firm’s stock in a transaction on Tuesday, October 6th. The shares were purchased at an average price of C$0.55 per share, for a total transaction of C$110,000.00. Following the completion of the transaction, the director directly owned 4,695,852 shares in the company, valued at approximately C$2,582,718.60. The trade was a 4.45% increase in their position. Also, Director Jamie Levy bought 100,000 shares of the stock in a transaction on Friday, October 9th. The shares were acquired at an average cost of C$0.50 per share, with a total value of C$50,000.00. Following the purchase, the director owned 8,047,380 shares of the company’s stock, valued at approximately C$4,023,690. This represents a 1.26% increase in their position. In the last quarter, insiders acquired 518,800 shares of company stock worth $269,400. Company insiders own 20.36% of the company’s stock.
Generation Mining Company Profile
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.
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