Generation Mining (TSE:GENM) Stock: Insider Kerry Knoll Purchases 200,000 Shares

Generation Mining Limited (TSE:GENM) Director Kerry Knoll acquired 200,000 shares of the company’s stock in a transaction dated Tuesday, October 6th. The shares were bought at an average cost of C$0.55 per share, with a total value of C$110,000.00. Following the purchase, the director owned 4,695,852 shares of the company’s stock, valued at approximately C$2,582,718.60. This trade represents a 4.45% increase in their position.

Kerry Knoll also recently made the following trade(s):

• On Friday, October 9th, Kerry Knoll bought 200,000 shares of Generation Mining stock. The stock was purchased at an average price of C$0.50 per share, for a total transaction of C$100,000.00.

Generation Mining Stock Performance

Shares of TSE GENM remained flat at C$0.50 during mid-day trading on Friday. 1,531,443 shares of the company traded hands, compared to its average volume of 974,782. The company has a current ratio of 4.04, a quick ratio of 3.61 and a debt-to-equity ratio of -1.90. Generation Mining Limited has a 12 month low of C$0.45 and a 12 month high of C$0.92. The business’s 50-day moving average price is C$0.67 and its 200 day moving average price is C$0.64. The stock has a market capitalization of C$161.62 million, a price-to-earnings ratio of -2.63 and a beta of 2.40.

Generation Mining (TSE:GENM) last posted its quarterly earnings results on Wednesday, August 12th. The company reported C($0.05) EPS for the quarter.

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.