Generation Mining (TSE:GENM) Shares Down 6.4% - Here's What Happened

Key Points

• Generation Mining's shares fell 6.4% to C$0.73, with a trading volume decrease of 44% from the average.
• The company has a market cap of C$190.41 million and a negative price-to-earnings ratio of -7.89, indicating financial challenges.
• Generation Mining is focused on the Marathon Palladium-Copper project, which is the largest undeveloped palladium project in North America, with an estimated annual production of 245,000 ounces of palladium-equivalent.

Shares of Generation Mining Limited (TSE:GENM - ) dropped 6.4% on Thursday . The stock traded as low as C$0.73 and last traded at C$0.73. Approximately 207,902 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 371,405 shares. The stock had previously closed at C$0.78.

Generation Mining Trading Down 9.0%

The company has a market cap of C$190.41 million, a price-to-earnings ratio of -7.89 and a beta of 1.40. The firm has a 50 day moving average price of C$0.40 and a two-hundred day moving average price of C$0.32. The company has a quick ratio of 3.61, a current ratio of 3.05 and a debt-to-equity ratio of -3.94.

Generation Mining Company Profile

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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