Generation Mining (TSE:GENM) Releases Earnings Results

Generation Mining (TSE:GENM) released its quarterly earnings results on Wednesday. The company reported C($0.05) EPS for the quarter, FiscalAI reports.

Generation Mining Stock Up 2.8%

GENM stock opened at C$0.73 on Thursday. The company has a current ratio of 8.99, a quick ratio of 3.61 and a debt-to-equity ratio of -2.46. The firm has a 50 day simple moving average of C$0.64 and a 200-day simple moving average of C$0.66. The company has a market capitalization of C$235.59 million, a P/E ratio of -4.29 and a beta of 2.11. Generation Mining has a twelve month low of C$0.28 and a twelve month high of C$0.92.

Insider Buying and Selling

In other news, insider George Frederich Meintjes bought 81,687 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was bought at an average price of C$0.60 per share, for a total transaction of C$49,012.20. Following the transaction, the insider owned 81,687 shares in the company, valued at C$49,012.20. The trade was a ∞ increase in their ownership of the stock. Company 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.