GoldMining Inc. (NYSEAMERICAN:GLDG – Get Free Report)’s stock price shot up 1.4% during trading on Thursday . The stock traded as high as $0.92 and last traded at $0.89. 866,419 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 1,689,270 shares. The stock had previously closed at $0.8780.
GoldMining Trading Up 1.4%
The business’s 50 day moving average price is $1.10 and its two-hundred day moving average price is $1.32. The stock has a market cap of $190.99 million, a P/E ratio of -14.83 and a beta of 1.15.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in GLDG. Financial Security Advisor Inc. lifted its stake in shares of GoldMining by 40.8% in the 4th quarter. Financial Security Advisor Inc. now owns 27,935 shares of the company’s stock valued at $35,000 after purchasing an additional 8,100 shares during the period. Themes Management Co LLC bought a new position in GoldMining in the fourth quarter worth $42,000. Quadrature Capital Ltd bought a new position in GoldMining in the fourth quarter worth $44,000. Sigma Planning Corp purchased a new position in GoldMining during the fourth quarter valued at $47,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in GoldMining during the first quarter valued at $69,000. Hedge funds and other institutional investors own 11.25% of the company’s stock.
About GoldMining
GoldMining Inc is a Canada-based mineral exploration and development company focused on the acquisition and advancement of precious metal projects in the Americas. Publicly traded on the NYSE American under the symbol GLDG, the company targets high-quality gold assets with the potential for significant resource expansion. GoldMining seeks to identify projects at various stages, from early exploration to advanced development, and apply systematic drilling and metallurgical testing to enhance their economic prospects.
The company’s portfolio encompasses a diversified suite of properties across North and South America.
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