Generation Mining (TSE:GENM) Shares Down 5.9% - Time to Sell?

Key Points

• Generation Mining's stock price fell by 5.9%, trading at C$0.32, with a decline in trading volume of 44% from its average session volume.
• The company has a strong current ratio of 3.05 and a debt-to-equity ratio of -3.94, indicating solid liquidity.
• Insider Director Jamie Levy purchased 172,500 shares at C$0.32 each, suggesting confidence in the company's future prospects.

Generation Mining Limited (TSE:GENM - Get Free Report)'s share price fell 5.9% on Thursday . The company traded as low as C$0.32 and last traded at C$0.32. 183,948 shares changed hands during trading, a decline of 44% from the average session volume of 330,512 shares. The stock had previously closed at C$0.34.

Generation Mining Stock Performance

The company has a current ratio of 3.05, a quick ratio of 3.61 and a debt-to-equity ratio of -3.94. The company's fifty day moving average is C$0.35 and its 200 day moving average is C$0.23. The company has a market cap of C$78.21 million, a P/E ratio of -3.52 and a beta of 1.64.

Insider Activity

In other Generation Mining news, Director Jamie Levy purchased 172,500 shares of Generation Mining stock in a transaction that occurred on Wednesday, July 9th. The shares were bought at an average price 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.