Generation Mining - GENM Stock Forecast, Price & News

Generation Mining Limited, a mineral exploration and development stage company, focuses on base and precious metal deposits in Canada. It explores for zinc, lead, silver, molybdenum, copper, gold, diamond, tungsten, platinum, and palladium deposits. The company holds 100% interest in the Marathon Palladium and Copper project covering an area of 22,000 hectares located in north-western Ontario. It has an option to acquire a 100% interest in the Davidson molybdenum project located in British Columbia; and has rights to a mineral concession in the Darnley Bay project located in the Northwest Territories. The company was incorporated in 2018 and is based in Toronto, Canada.

Generation Mining Stock Performance

Shares of TSE:GENM remained flat at C$0.68 during midday trading on Friday. 85,378 shares of the company were exchanged, compared to its average volume of 237,788. The company has a debt-to-equity ratio of 8.15, a quick ratio of 5.59 and a current ratio of 5.62. The stock has a market capitalization of C$122.34 million and a PE ratio of -2.48. The stock has a 50-day simple moving average of C$0.60 and a 200 day simple moving average of C$0.79. Generation Mining has a 52 week low of C$0.51 and a 52 week high of C$1.11.

Insider Buying and Selling

In other news, Director Kerry Knoll bought 35,000 shares of the stock in a transaction on Friday, June 3rd. The shares were acquired at an average cost of C$0.75 per share, for a total transaction of C$26,246.50. Following the purchase, the director now directly owns 3,740,352 shares of the company's stock, valued at approximately C$2,804,889.96. In the last ninety days, insiders acquired 50,500 shares of company stock valued at $35,907.