Generation Mining (TSE:GENM) Hits New 52-Week Low – Here’s Why

Generation Mining Limited (TSE:GENM)’s share price reached a new 52-week low during mid-day trading on Friday. The stock traded as low as C$0.40 and last traded at C$0.40, with a volume of 1,810,228 shares. The stock had previously closed at C$0.43.

Generation Mining Trading Down 5.8%

The firm has a market cap of C$130.91 million, a P/E ratio of -2.13 and a beta of 2.40. The business’s 50 day moving average is C$0.60 and its 200-day moving average is C$0.65. The company has a quick ratio of 3.61, a current ratio of 4.04 and a debt-to-equity ratio of -1.90.

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

Insider Activity

In related news, Director Jamie Levy bought 100,000 shares of the business’s stock in a transaction on Friday, October 9th. The shares were bought at an average cost of C$0.50 per share, for a total transaction of C$50,000.00. Following the completion of the purchase, the director owned 8,047,380 shares of the company’s stock, valued at C$4,023,690. This represents a 1.26% increase in their position. Also, Director Kerry Knoll bought 200,000 shares of the firm’s stock in a transaction on Tuesday, October 6th. The stock was purchased at an average price of C$0.55 per share, with a total value of C$110,000.00. Following the transaction, the director owned 4,695,852 shares in the company, valued at C$2,582,718.60. The trade was a 4.45% increase in their position. Insiders bought a total of 518,800 shares of company stock valued at $269,400 over the last ninety days. 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.