GoldMining (TSE:GOLD) Trading Down 3.1% - Here's What Happened

Key Points

• Shares fell 3.1% to C$1.56 (intraday low C$1.54) on Wednesday, with volume of 436,504 shares, down about 31% from the average session volume.
• The stock is trading below its 50‑ and 200‑day simple moving averages (C$1.86 and C$1.96), shows a negative EPS (C($0.03) last quarter; analysts forecast ~C($0.06) for the year), and has a market cap of C$333.84 million and a negative PE of -19.50.
• GoldMining is a mineral exploration company focused on projects across the Americas, including La Mina and Titiribi (Colombia), Whistler (Alaska), Sao Jorge (Brazil) and Yellowknife (Canada).

GoldMining Inc. (TSE:GOLD - Get Free Report) shares fell 3.1% on Wednesday . The company traded as low as C$1.54 and last traded at C$1.56. 436,504 shares were traded during mid-day trading, a decline of 31% from the average session volume of 633,464 shares. The stock had previously closed at C$1.61.

GoldMining Price Performance

The stock has a fifty day simple moving average of C$1.86 and a two-hundred day simple moving average of C$1.96. The company has a market cap of C$333.84 million, a PE ratio of -19.50 and a beta of 1.56. The company has a current ratio of 20.42, a quick ratio of 0.37 and a debt-to-equity ratio of 0.11.

GoldMining (TSE:GOLD - Get Free Report) last announced its quarterly earnings data on Friday, April 10th. The company reported C($0.03) earnings per share for the quarter. On average, equities analysts predict that GoldMining Inc. will post -0.06 EPS for the current fiscal year.

GoldMining Company Profile

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.

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