Generation Mining (TSE:GENM) Trading 7.4% Higher – What’s Next?

Generation Mining Limited (TSE:GENM)’s share price was up 7.4% during trading on Thursday . The stock traded as high as C$0.29 and last traded at C$0.29. Approximately 124,640 shares traded hands during trading, a decline of 40% from the average daily volume of 207,352 shares. The stock had previously closed at C$0.27.

Generation Mining Stock Up 9.2 %

The company has a quick ratio of 3.61, a current ratio of 3.40 and a debt-to-equity ratio of 8.15. The firm has a 50 day moving average of C$0.24 and a 200 day moving average of C$0.26. The firm has a market cap of C$83.96 million, a price-to-earnings ratio of -4.44 and a beta of 1.64.

Insider Transactions at Generation Mining

In related news, Director Jamie Levy bought 162,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average cost of C$0.22 per share, with a total value of C$34,830.00. Insiders purchased a total of 262,000 shares of company stock valued at $59,981 in the last quarter. 20.36% of the stock is currently owned by company insiders.

About Generation Mining

Generation Mining Limited, an exploration and development stage company, focuses on the mining of base and precious metal deposits in Canada. The company explores for molybdenum, tungsten, palladium, copper, platinum, gold, and silver deposits. It holds 100% interest in the Marathon palladium-copper project located in north-western Ontario.