G Mining Ventures (OTCMKTS:GMINF) Shares Down 7.4% – Should You Sell?

G Mining Ventures Corp. (OTCMKTS:GMINF) traded down 7.4% during trading on Friday. The stock traded as low as C$26.48 and last traded at C$27.16. Approximately 122,099 shares changed hands during mid-day trading, an increase of 68% from the average daily volume of 72,756 shares. The stock had previously closed at C$29.34.

Analyst Ratings Changes

A number of research firms recently commented on GMINF. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of G Mining Ventures in a report on Friday, October 16th. TD Securities reaffirmed a “buy” rating on shares of G Mining Ventures in a report on Thursday, August 6th. Five research analysts have rated the stock with a Buy rating. According to MarketBeat.com, G Mining Ventures currently has a consensus rating of “Buy”.

G Mining Ventures Price Performance

The company has a fifty day simple moving average of C$34.83 and a two-hundred day simple moving average of C$33.68.

G Mining Ventures Company Profile

G Mining Ventures Corp. is a Canadian mining company focused on the exploration, development and operation of gold projects in the Americas. The company’s shares trade on the Toronto Stock Exchange under the symbol GMIN and on the OTC market under the symbol GMINF.

G Mining Ventures’ principal operating asset is the Tocantinzinho gold project in the state of Pará, Brazil. The company advanced the project through construction and brought it into production, making Tocantinzinho the foundation of its gold-producing business.

The company also owns the Oko West gold project in Guyana, a development-stage asset acquired through its combination with Reunion Gold.