Generation Mining (TSE:GENM) Shares Down 2.5% – Here’s What Happened

Shares of Generation Mining Limited (TSE:GENM) fell 2.5% during mid-day trading on Wednesday . The company traded as low as C$0.76 and last traded at C$0.77. Approximately 645,511 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 889,618 shares. The stock had previously closed at C$0.79.

Generation Mining Stock Performance

The stock has a market cap of C$248.50 million, a price-to-earnings ratio of -4.05 and a beta of 2.11. The company has a debt-to-equity ratio of -1.90, a current ratio of 4.04 and a quick ratio of 3.61. The firm has a fifty day moving average of C$0.66 and a 200 day moving average of C$0.66.

Generation Mining (TSE:GENM) last released its quarterly earnings data on Wednesday, August 12th. The company reported C($0.05) earnings per share for the quarter.

Insider Activity at Generation Mining

In other news, insider George Frederich Meintjes purchased 81,687 shares of the stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average price of C$0.60 per share, with a total value of C$49,012.20. Following the transaction, the insider owned 81,687 shares in the company, valued at C$49,012.20. The trade was a ∞ increase in their position. 20.36% of the stock is currently owned by corporate insiders.

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.