Generation Mining (TSE:GENM) Shares Down 1.6% – Here’s What Happened

Generation Mining Limited (TSE:GENM) shares dropped 1.6% during mid-day trading on Wednesday . The company traded as low as C$0.63 and last traded at C$0.63. 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 Price Performance

The company has a debt-to-equity ratio of -2.46, a current ratio of 8.99 and a quick ratio of 3.61. The firm’s 50-day moving average price is C$0.63 and its 200 day moving average price is C$0.68. The firm has a market cap of C$213.00 million, a P/E ratio of -3.88 and a beta of 2.09.

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

Insider Transactions at Generation Mining

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

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.