Generation Mining (TSE:GENM) Announces Earnings Results

Generation Mining (TSE:GENM) released its quarterly earnings results on Wednesday. The company reported C($0.05) earnings per share for the quarter, FiscalAI reports.

Generation Mining Trading Up 2.8%

Generation Mining stock traded up C$0.02 during trading on Wednesday, hitting C$0.73. The company’s stock had a trading volume of 811,244 shares, compared to its average volume of 891,547. The stock’s fifty day moving average is C$0.64 and its 200 day moving average is C$0.66. Generation Mining has a 1-year low of C$0.28 and a 1-year high of C$0.92. The stock has a market capitalization of C$235.59 million, a price-to-earnings ratio of -4.29 and a beta of 2.11. The company has a debt-to-equity ratio of -2.46, a quick ratio of 3.61 and a current ratio of 8.99.

Insider Activity

In related news, insider George Frederich Meintjes purchased 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 directly owned 81,687 shares in the company, valued at C$49,012.20. This trade represents a ∞ increase in their ownership of the stock. Corporate 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.