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Generation Mining (TSE:GENM) Trading Down 9.3% - Should You Sell?

Generation Mining logo with Basic Materials background

Generation Mining Limited (TSE:GENM - Get Free Report) traded down 9.3% during trading on Tuesday . The company traded as low as C$0.34 and last traded at C$0.34. 810,721 shares changed hands during trading, an increase of 213% from the average session volume of 259,379 shares. The stock had previously closed at C$0.38.

Generation Mining Price Performance

The stock has a market capitalization of C$80.58 million, a price-to-earnings ratio of -3.63 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 stock has a 50-day simple moving average of C$0.20 and a 200 day simple moving average of C$0.17.

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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