Generation Mining (TSE:GENM) Trading Down 1.7% – Here’s Why

Generation Mining Limited (TSE:GENMGet Free Report)’s share price fell 1.7% during mid-day trading on Friday . The company traded as low as C$0.57 and last traded at C$0.57. 249,730 shares were traded during trading, a decline of 76% from the average session volume of 1,044,936 shares. The stock had previously closed at C$0.58.

Generation Mining Trading Down 1.7%

The stock has a 50 day simple moving average of C$0.63 and a 200-day simple moving average of C$0.67. The firm has a market capitalization of C$183.95 million, a P/E ratio of -3.35 and a beta of 2.08. 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 released its quarterly earnings results on Friday, May 15th. The company reported C($0.06) earnings per share (EPS) for the quarter.

About Generation Mining

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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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