Generation Mining (TSE:GENM – Get Free Report) released its earnings results on Wednesday. The company reported C($0.02) earnings per share for the quarter, FiscalAI reports.
Generation Mining Stock Performance
Shares of Generation Mining stock opened at C$0.43 on Friday. The firm has a fifty day moving average of C$0.53 and a two-hundred day moving average of C$0.63. The stock has a market capitalization of C$138.99 million, a price-to-earnings ratio of -2.26 and a beta of 1.99. Generation Mining has a 52 week low of C$0.40 and a 52 week high of C$0.92. The company has a debt-to-equity ratio of -1.90, a quick ratio of 3.61 and a current ratio of 4.04.
Insiders Place Their Bets
In related news, Director Jamie Levy purchased 100,000 shares of Generation Mining stock in a transaction dated Friday, October 9th. The shares were acquired at an average cost of C$0.50 per share, for a total transaction of C$50,000.00. Following the transaction, the director directly owned 8,047,380 shares of the company’s stock, valued at approximately C$4,023,690. This trade represents a 1.26% increase in their ownership of the stock. Also, Director Kerry Knoll acquired 200,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the purchase, the director owned 4,695,852 shares of the company’s stock, valued at C$2,582,718.60. This trade represents a 4.45% increase in their ownership of the stock. In the last three months, insiders bought 518,800 shares of company stock worth $269,400. 20.36% of the stock is currently owned by company insiders.
About Generation Mining
Gen Mining’s focus is the development of the Marathon Project, a large undeveloped copper-palladium deposit in Northwestern Ontario, Canada. The Company’s feasibility study for the Project with an effective date of November 1, 2024 (the ‘Feasibility Study’ or the ‘Technical Report’) estimated a Net Present Value (using a 6% discount rate) of $17 billion, an Internal Rate of Return of 28%, and a 1.9-year payback based on the 3-year trailing average metal prices at the effective date of the Technical Report.
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