G Mining Ventures (OTCMKTS:GMINF) Stock Price Up 4.7% – Here’s What Happened

Shares of G Mining Ventures Corp. (OTCMKTS:GMINF) shot up 4.7% on Friday . The stock traded as high as C$41.39 and last traded at C$41.39. 35,229 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 57,042 shares. The stock had previously closed at C$39.55.

Wall Street Analysts Forecast Growth

GMINF has been the topic of several recent research reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of G Mining Ventures in a report on Wednesday, February 4th. BMO Capital Markets reaffirmed an “outperform” rating on shares of G Mining Ventures in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of G Mining Ventures in a research note on Sunday, December 7th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, G Mining Ventures has an average rating of “Buy”.

G Mining Ventures Stock Up 4.7%

The stock’s fifty day simple moving average is C$33.15 and its 200 day simple moving average is C$24.55.

G Mining Ventures Company Profile

G Mining Ventures Corp. engages in the acquisition, exploration, evaluation, and development of mineral properties. Its flagship project is the Tocantinzinho gold project that includes two mining concessions covering an area of 12,889 hectares, 23 exploration licenses covering an area of 76,116 hectares, and two applications for exploration licenses covering an area of 9,395 hectares located in Pará State, Brazil. The company was formerly known as Kanadario Gold Inc The company was incorporated in 2017 and is based in Québec, Canada.