Generation Mining (TSE:GENM) Stock Price Down 2.5% – Here’s What Happened

Shares of Generation Mining Limited (TSE:GENM) were down 2.5% during mid-day trading on Wednesday . The stock traded as low as C$0.76 and last traded at C$0.77. 645,511 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 889,618 shares. The stock had previously closed at C$0.79.

Generation Mining Stock Down 2.5%

The business has a fifty day simple moving average of C$0.66 and a 200 day simple moving average of C$0.66. The firm has a market cap of C$248.50 million, a price-to-earnings ratio of -4.05 and a beta of 2.11. The company has a debt-to-equity ratio of -1.90, a current ratio of 4.04 and a quick ratio of 3.61.

Generation Mining (TSE:GENM) last released its earnings results on Wednesday, August 12th. The company reported C($0.05) earnings per share for the quarter.

Insider Buying and Selling

In other news, insider George Frederich Meintjes acquired 81,687 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were bought at an average price of C$0.60 per share, for a total transaction of C$49,012.20. Following the acquisition, the insider owned 81,687 shares of the company’s stock, valued at approximately C$49,012.20. This trade represents a ∞ increase in their position. Corporate insiders own 20.36% of the company’s stock.

About Generation Mining

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.