GoldMining (TSE:GOLD) Stock Price Down 5.3% - Time to Sell?

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 - ) was down 5.3% during mid-day 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 mid-day trading, an increase of 26% from the average daily volume of 161,959 shares. The stock had previously closed at C$1.70.

GoldMining Stock Down 6.5%

The company has a market capitalization of C$314.11 million, a PE ratio of -12.23 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 stock's 50 day moving average is C$1.18 and its 200 day moving average is C$1.13.

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.

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.