GoldMining (TSE:GOLD) Stock Price 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 - ) rose 2.4% during mid-day trading on Wednesday . The company traded as high as C$1.29 and last traded at C$1.27. Approximately 275,009 shares traded hands during 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 stock's fifty day moving average price is C$1.07 and its 200-day moving average price is C$1.11. The firm has a market cap of C$248.46 million, a price-to-earnings ratio of -10.35 and a beta of 1.37. The company has a current ratio of 4.19, a quick ratio of 0.37 and a debt-to-equity ratio of 0.36.

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.

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