Generation Mining (TSE:GENM) Shares Down 6.3% – Here’s What Happened

Generation Mining Limited (TSE:GENM) fell 6.3% during mid-day trading on Tuesday . The stock traded as low as C$0.58 and last traded at C$0.59. 817,925 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 911,672 shares. The stock had previously closed at C$0.63.

Generation Mining Stock Performance

The firm has a fifty day simple moving average of C$0.63 and a 200-day simple moving average of C$0.66. The company has a quick ratio of 3.61, a current ratio of 8.99 and a debt-to-equity ratio of -2.46. The company has a market cap of C$190.41 million, a PE ratio of -3.47 and a beta of 2.09.

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

Insider Buying and Selling at Generation Mining

In other Generation Mining news, insider George Frederich Meintjes bought 81,687 shares of the stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average cost of C$0.60 per share, for a total transaction of C$49,012.20. Following the completion of the transaction, the insider owned 81,687 shares in the company, valued at approximately 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.