Generation Mining (TSE:GENM) Trading 7.1% Higher – Here’s Why

Generation Mining Limited (TSE:GENMGet Free Report)’s share price traded up 7.1% during trading on Thursday . The company traded as high as C$0.15 and last traded at C$0.15. 46,000 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 312,099 shares. The stock had previously closed at C$0.14.

Generation Mining Stock Performance

The stock has a 50-day moving average of C$0.21 and a 200-day moving average of C$0.24. The firm has a market cap of C$33.11 million, a price-to-earnings ratio of -1.75 and a beta of 1.64. The company has a debt-to-equity ratio of 8.15, a quick ratio of 3.61 and a current ratio of 3.40.

About Generation Mining

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Generation Mining Limited, an exploration and development stage company, focuses on the mining of base and precious metal deposits in Canada. The company explores for molybdenum, tungsten, palladium, copper, platinum, gold, and silver deposits. It holds 100% interest in the Marathon palladium-copper project located in north-western Ontario.

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