Generation Mining (TSE:GENM) Shares Up 21.3% – Here’s Why

Shares of Generation Mining Limited (TSE:GENM) traded up 21.3% during trading on Wednesday . The stock traded as high as C$0.75 and last traded at C$0.74. 2,665,496 shares changed hands during mid-day trading, an increase of 169% from the average session volume of 990,508 shares. The stock had previously closed at C$0.61.

Generation Mining Trading Up 21.3%

The business has a 50-day moving average of C$0.63 and a 200 day moving average of C$0.68. The stock has a market cap of C$238.82 million, a PE ratio of -4.35 and a beta of 2.06. The company has a debt-to-equity ratio of -2.46, a quick ratio of 3.61 and a current ratio of 8.99.

Generation Mining (TSE:GENM) last released its quarterly earnings results on Friday, May 15th. The company reported C($0.06) earnings per share (EPS) for the quarter.

Insider Transactions at Generation Mining

In other news, insider George Frederich Meintjes bought 81,687 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average price of C$0.60 per share, for a total transaction of C$49,012.20. Following the completion of the transaction, the insider owned 81,687 shares in the company, valued at C$49,012.20. The trade was a ∞ increase in their ownership of the stock. 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.