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Generation Mining (TSE:GENM) Shares Down 3.6% - Here's Why

Generation Mining logo with Basic Materials background

Generation Mining Limited (TSE:GENM - Get Free Report)'s share price was down 3.6% during mid-day trading on Tuesday . The company traded as low as C$0.34 and last traded at C$0.34. Approximately 319,940 shares traded hands during mid-day trading, an increase of 8% from the average daily volume of 295,711 shares. The stock had previously closed at C$0.35.

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$0.26 and its 200 day moving average is C$0.19. The company has a market cap of C$79.39 million, a P/E ratio of -3.58 and a beta of 1.64.

About Generation Mining

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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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