GoldMining (TSE:GOLD) Trading Up 2.4% - Should You Buy?

Key Points

• GoldMining Inc. saw its stock price increase by 2.4% to C$1.27, with trading volume doubling the average at approximately 275,009 shares.
• The company has a market cap of C$248.46 million and a negative price-to-earnings ratio of -10.35, indicating losses.
• GoldMining focuses on the acquisition and development of gold assets across the Americas, with key projects in Colombia, Alaska, and Brazil.

GoldMining Inc. (TSE:GOLD - Get Free Report) was up 2.4% on Wednesday . The stock traded as high as C$1.29 and last traded at C$1.27. Approximately 275,009 shares traded hands during mid-day trading, an increase of 100% from the average daily volume of 137,429 shares. The stock had previously closed at C$1.24.

GoldMining Price Performance

The company has a 50-day moving average price of C$1.10 and a two-hundred day moving average price of C$1.11. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.19 and a quick ratio of 0.37. The company has a market cap of C$270.65 million, a PE ratio of -10.54 and a beta of 1.34.

About GoldMining

GoldMining Inc, a mineral exploration company, focuses on the acquisition, exploration, and development of gold assets in the Americas. It 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.