GoldMining (TSE:GOLD) Shares Down 6.6% – Should You Sell?

Shares of GoldMining Inc. (TSE:GOLD) fell 6.6% on Thursday . The company traded as low as C$2.50 and last traded at C$2.54. 1,018,396 shares changed hands during mid-day trading, an increase of 7% from the average session volume of 953,457 shares. The stock had previously closed at C$2.72.

GoldMining Stock Down 15.7%

The firm has a market capitalization of C$448.93 million, a PE ratio of -30.57 and a beta of 1.13. The firm’s 50-day moving average is C$2.01 and its 200 day moving average is C$1.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.37 and a current ratio of 4.19.

GoldMining (TSE:GOLD) last announced its quarterly earnings results on Friday, October 10th. The company reported C$0.00 earnings per share (EPS) for the quarter. As a group, research analysts forecast that GoldMining Inc. will post -0.06 earnings per share for the current fiscal year.

About GoldMining

GoldMining Inc is a mineral exploration company with a focus on the acquisition, exploration, and development of projects in Colombia, Brazil, the United States, Canada, and other regions of the Americas. The principal projects are its La Mina Gold project and its Titiribi Gold-Copper project, located in Colombia, Whistler GoldCopper Project, located in Alaska, United States, Sao Jorge Gold Project located in the State of Para, northeastern Brazil, and Yellowknife Gold Project, located in the Northwest Territories, Canada.