Insider Buying: Generation Mining (TSE:GENM) Insider Acquires 81,687 Shares of Stock

Generation Mining Limited (TSE:GENM) insider George Frederich Meintjes bought 81,687 shares of Generation Mining stock in a transaction on Tuesday, May 26th. The stock was acquired at an average price of C$0.60 per share, for a total transaction of C$49,012.20. Following the purchase, the insider owned 81,687 shares of the company’s stock, valued at approximately C$49,012.20. This trade represents a ∞ increase in their ownership of the stock.

Generation Mining Stock Performance

GENM stock remained flat at C$0.61 during midday trading on Wednesday. The company’s stock had a trading volume of 164,017 shares, compared to its average volume of 1,022,345. The stock has a market cap of C$196.86 million, a price-to-earnings ratio of -3.59 and a beta of 2.08. Generation Mining Limited has a twelve month low of C$0.28 and a twelve month high of C$0.92. The company’s 50-day moving average price is C$0.62 and its two-hundred day moving average price is C$0.67. The company has a quick ratio of 3.61, a current ratio of 8.99 and a debt-to-equity ratio of -2.46.

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

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.