Generation Mining (TSE:GENM) Hits New 12-Month High - Here's Why

Key Points

• Generation Mining's stock reached a new 52-week high of C$0.49 during mid-day trading, showing a significant increase from its previous close of C$0.38.
• The company has a market capitalization of C$134.09 million, a PE ratio of -5.56, and a substantial insider ownership of 20.36%.
• Generation Mining is developing the Marathon Palladium-Copper project, which is the largest undeveloped palladium project in North America, estimated to produce 245,000 ounces annually over a 13-year lifespan.

Generation Mining Limited (TSE:GENM - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as C$0.49 and last traded at C$0.48, with a volume of 1243648 shares traded. The stock had previously closed at C$0.38.

Generation Mining Trading Down 16.0%

The stock has a market cap of C$112.64 million, a P/E ratio of -4.67 and a beta of 1.15. The firm's fifty day moving average price is C$0.35 and its two-hundred day moving average price is C$0.28. The company has a debt-to-equity ratio of -3.94, a current ratio of 3.05 and a quick ratio of 3.61.

Insider Buying and Selling at Generation Mining

In other news, Director Jamie Levy purchased 172,500 shares of the firm's stock in a transaction dated Wednesday, July 9th. The shares were purchased at an average price of C$0.32 per share, with a total value of C$54,337.50. Insiders own 20.36% of the company's stock.

About Generation Mining

Generation Mining is developing the Marathon Palladium-Copper project in Northwestern Ontario. The Company has completed a feasibility study which estimates 245,000 ounces of annual palladium-equivalent production over a 13-year mine life. Marathon is the largest undeveloped palladium project in North America.