GoldMining (NYSEAMERICAN:GLDG) Stock Price Up 4.9% - What's Next?

Key Points

• GoldMining Inc. saw its stock price increase by 4.9%, reaching $0.85, significantly higher than its previous close of $0.81.
• The trading volume was markedly higher, with approximately 1.4 million shares traded, a 172% increase from its average daily volume.
• Institutional investors have shown increased interest in GoldMining, with significant positions acquired by firms like Goldman Sachs, which raised its stake by 114.5%.

GoldMining Inc. (NYSEAMERICAN:GLDG - )'s stock price rose 4.9% during trading on Friday . The stock traded as high as $0.85 and last traded at $0.85. Approximately 1,405,441 shares traded hands during trading, an increase of 172% from the average daily volume of 516,618 shares. The stock had previously closed at $0.81.

GoldMining Price Performance

The stock has a 50 day moving average of $0.77. The stock has a market cap of $170.14 million, a P/E ratio of -9.44 and a beta of 0.94.

Institutional Investors Weigh In On GoldMining

Large investors have recently made changes to their positions in the stock. Total Wealth Planning & Management Inc. acquired a new position in GoldMining in the fourth quarter valued at approximately $35,000. Baader Bank Aktiengesellschaft acquired a new position in GoldMining during the first quarter worth $82,000. Goldman Sachs Group Inc. lifted its stake in GoldMining by 114.5% during the first quarter. Goldman Sachs Group Inc. now owns 317,008 shares of the company's stock worth $269,000 after purchasing an additional 169,200 shares in the last quarter. Jane Street Group LLC acquired a new position in GoldMining during the first quarter worth $77,000. Finally, Simplicity Wealth LLC lifted its stake in GoldMining by 100.0% during the second quarter. Simplicity Wealth LLC now owns 40,000 shares of the company's stock worth $29,000 after purchasing an additional 20,000 shares in the last quarter. 11.25% of the stock is currently owned by hedge funds and other institutional investors.

GoldMining Company Profile

GoldMining Inc, a mineral exploration company, focuses on the acquisition, exploration, and development of gold assets in the Americas. It also operates a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the United States, Brazil, Colombia, and Peru. The company's principal projects include La Mina Gold Project and Titiribi Gold-Copper Project located in Colombia; Whistler Gold-Copper Project located in Alaska, the United States; and São Jorge Gold Project located in the State of Pará, Brazil.

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