Generation Mining (TSE:GENM) Trading Up 33.3% - Should You Buy?

Key Points

• Generation Mining Limited shares surged 33.3%, reaching C$0.50, with trading volume increasing by 454% compared to its average daily volume.
• The company, with a market cap of C$134.09 million, is developing the Marathon Palladium-Copper project, noted as the largest undeveloped palladium project in North America.
• Insider ownership stands at 20.36%, with Director Jamie Levy purchasing 172,500 shares at an average price of C$0.32.

Generation Mining Limited (TSE:GENM - ) shares were up 33.3% on Tuesday . The stock traded as high as C$0.50 and last traded at C$0.50. Approximately 1,837,325 shares traded hands during mid-day trading, an increase of 454% from the average daily volume of 331,932 shares. The stock had previously closed at C$0.38.

Generation Mining Price Performance

The stock has a market cap of C$134.09 million, a PE ratio of -5.56 and a beta of 1.15. The company has a debt-to-equity ratio of -3.94, a current ratio of 3.05 and a quick ratio of 3.61. The firm's 50 day moving average price is C$0.35 and its two-hundred day moving average price is C$0.28.

Insider Buying and Selling at Generation Mining

In other Generation Mining news, Director Jamie Levy bought 172,500 shares of Generation Mining stock in a transaction dated Wednesday, July 9th. The stock was purchased at an average price of C$0.32 per share, for a total transaction of C$54,337.50. 20.36% of the stock is owned by insiders.

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.

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