GoldMining (TSE:GOLD) Shares Up 3% - Here's Why

Key Points

• GoldMining Inc. shares increased by 3% on Friday, reaching a high of C$2.45, with trading volume surging to 1,701,646 shares, a 588% rise from the average.
• The company has a market capitalization of C$468.20 million, with a PE ratio of -18.23 and a beta of 1.73, indicating higher volatility.
• GoldMining is focused on mineral exploration across the Americas, with key projects in Colombia, Brazil, and the United States.

GoldMining Inc. (TSE:GOLD - ) shot up 3% on Friday . The company traded as high as C$2.45 and last traded at C$2.37. 1,701,646 shares traded hands during mid-day trading, an increase of 588% from the average session volume of 247,288 shares. The stock had previously closed at C$2.30.

GoldMining Stock Performance

The company has a market capitalization of C$468.20 million, a PE ratio of -18.23 and a beta of 1.73. The business's fifty day moving average is C$1.49 and its two-hundred day moving average is C$1.22. The company has a current ratio of 4.19, a quick ratio of 0.37 and a debt-to-equity ratio of 0.36.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.