GoldMining (TSE:GOLD) Shares Down 5.3% - Here's What Happened

Key Points

• GoldMining Inc. (TSE:GOLD) saw its stock price drop by 5.3%, trading between C$1.58 and C$1.61 during mid-day trading on Friday.
• The company has a market capitalization of C$314.11 million, with a negative PE ratio of -12.23, indicating potential financial struggles.
• GoldMining focuses on mineral exploration and development across multiple countries in the Americas, including significant projects in Colombia and Brazil.

GoldMining Inc. (TSE:GOLD - Get Free Report) shares were down 5.3% during trading on Friday . The stock traded as low as C$1.58 and last traded at C$1.61. Approximately 204,697 shares were traded during trading, an increase of 26% from the average daily volume of 161,959 shares. The stock had previously closed at C$1.70.

GoldMining Price Performance

The stock has a fifty day moving average price of C$1.22 and a 200-day moving average price of C$1.14. The firm has a market capitalization of C$322.01 million, a PE ratio of -12.54 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.

About GoldMining

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.