Generation Mining (TSE:GENM) Shares Down 15.4% – Here’s Why

Generation Mining Limited (TSE:GENMGet Free Report) was down 15.4% during mid-day trading on Thursday . The company traded as low as C$0.65 and last traded at C$0.66. Approximately 1,904,126 shares changed hands during trading, an increase of 115% from the average daily volume of 886,124 shares. The stock had previously closed at C$0.78.

Generation Mining Stock Performance

The stock has a market cap of C$180.65 million, a price-to-earnings ratio of -8.38 and a beta of 1.22. The stock’s 50-day simple moving average is C$0.65 and its 200-day simple moving average is C$0.50. The company has a current ratio of 3.05, a quick ratio of 3.61 and a debt-to-equity ratio of -3.94.

Generation Mining (TSE:GENMGet Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C($0.03) earnings per share (EPS) for the quarter.

Generation Mining Company Profile

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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.

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