Generation Mining (TSE:GENM) Stock Price Down 1.6% – Here’s Why

Generation Mining Limited (TSE:GENM)’s share price fell 1.6% during trading on Wednesday . The stock traded as low as C$0.63 and last traded at C$0.63. Approximately 407,474 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 963,973 shares. The stock had previously closed at C$0.64.

Generation Mining Stock Down 1.6%

The company has a debt-to-equity ratio of -2.46, a quick ratio of 3.61 and a current ratio of 8.99. The stock’s fifty day simple moving average is C$0.63 and its two-hundred day simple moving average is C$0.68. The company has a market capitalization of C$203.32 million, a price-to-earnings ratio of -3.71 and a beta of 2.09.

Generation Mining (TSE:GENM) last announced its quarterly earnings data on Friday, May 15th. The company reported C($0.06) earnings per share (EPS) for the quarter.

Insiders Place Their Bets

In other Generation Mining news, insider George Frederich Meintjes bought 81,687 shares of Generation Mining stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of C$0.60 per share, for a total transaction of C$49,012.20. Following the completion of the acquisition, the insider owned 81,687 shares of the company’s stock, valued at approximately C$49,012.20. This represents a ∞ increase in their position. Insiders own 20.36% of the company’s stock.

About Generation Mining

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.