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Generation Mining (TSE:GENM) Trading 10.9% Higher - Still a Buy?

Generation Mining logo with Basic Materials background

Generation Mining Limited (TSE:GENM - Get Free Report) was up 10.9% during mid-day trading on Monday . The company traded as high as C$0.36 and last traded at C$0.36. Approximately 713,792 shares changed hands during trading, an increase of 193% from the average daily volume of 243,676 shares. The stock had previously closed at C$0.32.

Generation Mining Stock Performance

The stock has a market cap of C$80.58 million, a price-to-earnings ratio of -3.63 and a beta of 1.64. The stock's 50-day moving average is C$0.20 and its 200-day moving average is C$0.17. The company has a debt-to-equity ratio of -3.94, a current ratio of 3.05 and a quick ratio of 3.61.

Generation Mining Company Profile

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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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