GoldMining (TSE:GOLD) Shares Up 2.8% - Here's What Happened

Key Points

• GoldMining Inc. shares experienced a 2.8% increase, rising from a previous close of C$1.08 to C$1.11 during trading on Tuesday, with an increased volume of 176,497 shares.
• The company's market capitalization stands at C$221.07 million and it has a negative price-to-earnings ratio of -9.21, indicating unprofitability.
• GoldMining focuses on acquiring and developing gold assets across the Americas, with significant projects in Colombia, Alaska, and Brazil.

GoldMining Inc. (TSE:GOLD - Get Free Report)'s stock price shot up 2.8% during mid-day trading on Tuesday . The stock traded as high as C$1.12 and last traded at C$1.11. 176,497 shares traded hands during trading, an increase of 30% from the average session volume of 135,259 shares. The stock had previously closed at C$1.08.

GoldMining Stock Performance

The firm's fifty day moving average price is C$1.05 and its 200-day moving average price is C$1.11. The company has a current ratio of 4.19, a quick ratio of 0.37 and a debt-to-equity ratio of 0.36. The company has a market cap of C$217.16 million, a P/E ratio of -9.04 and a beta of 1.37.

GoldMining Company Profile

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.