Key Points
- Director Jamie Levy purchased 100,000 Generation Mining shares at C$0.50 each, investing C$50,000 and increasing his direct ownership by 1.26% to 8,047,380 shares.
- Generation Mining shares opened at C$0.50, with a market capitalization of approximately C$161.6 million and a 52-week range of C$0.45 to C$0.92. The stock trades below its 50-day and 200-day moving averages.
- The company is focused on developing the Marathon copper-palladium project in Northwestern Ontario and most recently reported quarterly EPS of negative C$0.05.
Generation Mining Limited (TSE:GENM - Get Free Report) Director Jamie Levy bought 100,000 shares of the business's stock in a transaction dated Friday, October 9th. The stock was acquired at an average cost of C$0.50 per share, for a total transaction of C$50,000.00. Following the completion of the acquisition, the director directly owned 8,047,380 shares in the company, valued at approximately C$4,023,690. This trade represents a 1.26% increase in their ownership of the stock.
Generation Mining Price Performance
Shares of TSE:GENM opened at C$0.50 on Friday. The stock has a market cap of C$161.62 million, a P/E ratio of -2.63 and a beta of 2.40. The firm has a fifty day moving average price of C$0.67 and a 200 day moving average price of C$0.64. The company has a debt-to-equity ratio of -1.90, a current ratio of 4.04 and a quick ratio of 3.61. Generation Mining Limited has a 1-year low of C$0.45 and a 1-year high of C$0.92.
Generation Mining (TSE:GENM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C($0.05) EPS for the quarter.
About Generation Mining
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Generation Mining's focus is the development of the Marathon Project , a large undeveloped copper-palladium deposit in Northwestern Ontario . The Marathon Property covers a land package of approximately 36,398 hectares (364 km2). Gen Mining is dedicated to fostering a greener future by promoting sustainability, empowering communities, and delivering value to our stakeholders.
Further Reading
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