GoldMining (TSE:GOLD) Stock Price Up 7.5% – Time to Buy?

GoldMining Inc. (TSE:GOLDGet Free Report)’s stock price was up 7.5% during mid-day trading on Tuesday . The company traded as high as C$1.15 and last traded at C$1.15. Approximately 313,946 shares traded hands during mid-day trading, an increase of 147% from the average daily volume of 127,076 shares. The stock had previously closed at C$1.07.

GoldMining Stock Up 7.5 %

The firm has a market capitalization of C$224.98 million, a price-to-earnings ratio of -9.37 and a beta of 1.37. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.37 and a current ratio of 4.19. The business’s 50 day moving average is C$1.15 and its 200-day moving average is C$1.18.

About GoldMining

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GoldMining Inc, a mineral exploration company, focuses on the acquisition, exploration, and development of gold assets in the Americas. It operates a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the United States, Brazil, Colombia, and Peru. The company's principal projects include La Mina Gold Project and Titiribi Gold-Copper Project located in Colombia; Whistler Gold-Copper Project located in Alaska, the United States; and São Jorge Gold Project located in the State of Pará, Brazil.

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