Generation Mining (TSE:GENM) Stock Price Up 2.8% - Here's Why

Key Points

• Generation Mining's stock price increased by 2.8% to close at C$0.37, with trading volume surging to 1,148,190 shares, dramatically exceeding the average of 325,678 shares.
• Corporate insiders, including Director Jamie Levy, have been actively acquiring shares, with Levy purchasing 172,500 shares at C$0.32 each, reflecting insider confidence in the company.
• The company is focused on the Marathon Palladium-Copper project in Ontario, which is projected to produce 245,000 ounces of annual palladium-equivalent over a 13-year period, making it the largest undeveloped palladium project in North America.

Generation Mining Limited (TSE:GENM - Get Free Report) traded up 2.8% on Monday . The company traded as high as C$0.39 and last traded at C$0.37. 1,148,190 shares traded hands during trading, an increase of 253% from the average session volume of 325,678 shares. The stock had previously closed at C$0.36.

Generation Mining Stock Up 5.6%

The company has a debt-to-equity ratio of -3.94, a quick ratio of 3.61 and a current ratio of 3.05. The stock has a market capitalization of C$100.57 million, a PE ratio of -4.17 and a beta of 1.15. The business has a 50 day moving average of C$0.35 and a two-hundred day moving average of C$0.28.

Insider Buying and Selling at Generation Mining

In other Generation Mining news, Director Jamie Levy purchased 172,500 shares of the firm's stock in a transaction 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. 20.36% of the stock is owned by company insiders.

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.