Generation Mining (TSE:GENM) Stock Price Down 3.1% - Here's What Happened

Key Points

• Generation Mining shares fell by 3.1% to C$0.32, with trading volume increasing 17% compared to the average daily volume.
• Director Jamie Levy purchased 172,500 shares at C$0.32 per share, indicating confidence in the company's future performance.
• The company is developing the Marathon Palladium-Copper project, which is projected to produce 245,000 ounces of palladium-equivalent annually over a 13-year lifespan.

Generation Mining Limited (TSE:GENM - Get Free Report)'s stock price traded down 3.1% during mid-day trading on Friday . The company traded as low as C$0.31 and last traded at C$0.32. 381,295 shares traded hands during trading, an increase of 17% from the average session volume of 325,045 shares. The stock had previously closed at C$0.33.

Generation Mining Stock Performance

The company has a market cap of C$71.10 million, a PE ratio of -3.20 and a beta of 1.64. 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 business has a fifty day moving average of C$0.34 and a 200-day moving average of C$0.25.

Insider Buying and Selling at Generation Mining

In other news, Director Jamie Levy bought 172,500 shares of the firm's stock in a transaction dated Wednesday, July 9th. The stock was purchased at an average price of C$0.32 per share, with a total value of C$54,337.50. Company 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.