Generation Mining (TSE:GENM) Trading Up 3.3% - Here's Why

Key Points

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Generation Mining Limited (TSE:GENM - Get Free Report)'s stock price traded up 3.3% during mid-day trading on Friday . The company traded as high as C$0.32 and last traded at C$0.32. 66,369 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 322,131 shares. The stock had previously closed at C$0.31.

Generation Mining Stock Up 6.2%

The business's 50 day moving average is C$0.34 and its 200-day moving average is C$0.25. 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 firm has a market capitalization of C$81.76 million, a price-to-earnings ratio of -3.68 and a beta of 1.64.

Insider Activity

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

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.