GoldMining (TSE:GOLD) Shares Down 2.5% - Here's Why

Key Points

• GoldMining Inc. (TSE:GOLD) shares fell by 2.5% during mid-day trading, closing at C$1.58 after hitting a low of C$1.56.
• The stock showed a significant increase in trading volume, with 456,569 shares changing hands—167% higher than its average session volume.
• GoldMining has a market cap of C$312.13 million, a debt-to-equity ratio of 0.36, and a P/E ratio of -12.15, indicating current financial challenges.

GoldMining Inc. (TSE:GOLD - Get Free Report) shares traded down 2.5% during mid-day trading on Thursday . The stock traded as low as C$1.56 and last traded at C$1.58. 456,569 shares traded hands during trading, an increase of 167% from the average session volume of 171,003 shares. The stock had previously closed at C$1.62.

GoldMining Trading Up 5.1%

The company has a market capitalization of C$327.94 million, a price-to-earnings ratio of -12.77 and a beta of 1.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.37 and a current ratio of 4.19. The firm has a fifty day moving average price of C$1.26 and a 200-day moving average price of C$1.15.

GoldMining Company Profile

GoldMining Inc is a mineral exploration company with a focus on the acquisition, exploration, and development of projects in Colombia, Brazil, the United States, Canada, and other regions of the Americas. The principal projects are its La Mina Gold project and its Titiribi Gold-Copper project, located in Colombia, Whistler GoldCopper Project, located in Alaska, United States, Sao Jorge Gold Project located in the State of Para, northeastern Brazil, and Yellowknife Gold Project, located in the Northwest Territories, Canada.