GoldMining (TSE:GOLD) Shares Down 6.6% – Time to Sell?

GoldMining Inc. (TSE:GOLD) was down 6.6% during mid-day trading on Thursday . The stock traded as low as C$2.50 and last traded at C$2.54. Approximately 1,018,396 shares changed hands during trading, an increase of 7% from the average daily volume of 953,457 shares. The stock had previously closed at C$2.72.

GoldMining Price Performance

The business’s 50-day simple moving average is C$2.01 and its two-hundred day simple moving average is C$1.73. The stock has a market cap of C$532.84 million, a price-to-earnings ratio of -36.29 and a beta of 1.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.19 and a quick ratio of 0.37.

GoldMining (TSE:GOLD) last released its quarterly earnings data on Friday, October 10th. The company reported C$0.00 earnings per share (EPS) for the quarter. Research analysts expect that GoldMining Inc. will post -0.06 earnings per share for the current year.

About GoldMining

GoldMining Inc is a mineral exploration company with a focus on the acquisition, exploration, and development of projects in Colombia, Brazil, the United States, Canada, and other regions of the Americas. The principal projects are its La Mina Gold project and its Titiribi Gold-Copper project, located in Colombia, Whistler GoldCopper Project, located in Alaska, United States, Sao Jorge Gold Project located in the State of Para, northeastern Brazil, and Yellowknife Gold Project, located in the Northwest Territories, Canada.