Generation Mining (TSE:GENM) Sets New 1-Year High - Still a Buy?

Key Points

• Generation Mining Limited achieved a new 52-week high, trading at C$0.69, reflecting a rise from a previous close of C$0.63.
• The company is developing the Marathon Palladium-Copper project, which is expected to produce 245,000 ounces of annual palladium-equivalent over a 13-year mine life.
• Insider activity includes a director purchasing 172,500 shares at an average of C$0.32, indicating investor confidence in the company's direction.

Generation Mining Limited (TSE:GENM - ) reached a new 52-week high on Monday . The company traded as high as C$0.69 and last traded at C$0.67, with a volume of 1009601 shares changing hands. The stock had previously closed at C$0.63.

Generation Mining Stock Up 1.6%

The stock has a fifty day moving average of C$0.38 and a 200 day moving average of C$0.31. The company has a debt-to-equity ratio of -3.94, a current ratio of 3.05 and a quick ratio of 3.61. The firm has a market capitalization of C$171.64 million, a P/E ratio of -7.11 and a beta of 1.40.

Insider Activity

In related news, Director Jamie Levy bought 172,500 shares of the company's stock in a transaction that occurred on Wednesday, July 9th. The stock was bought at an average cost of C$0.32 per share, for a total transaction 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.

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