Generation Mining (TSE:GENM) Hits New 1-Year Low – Here’s What Happened

Generation Mining Limited (TSE:GENM) shares reached a new 52-week low on Wednesday . The stock traded as low as C$0.15 and last traded at C$0.17, with a volume of 2083706 shares trading hands. The stock had previously closed at C$0.21.

Generation Mining Stock Performance

The stock has a market capitalization of C$37.84 million, a P/E ratio of -2.63 and a beta of 1.64. The company has a quick ratio of 3.61, a current ratio of 3.40 and a debt-to-equity ratio of 8.15. The firm has a 50-day moving average of C$0.25 and a 200 day moving average of C$0.26.

Insider Activity

In related news, Director Jamie Levy purchased 162,000 shares of Generation Mining stock in a transaction dated Tuesday, September 10th. The shares were bought at an average cost of C$0.22 per share, for a total transaction of C$34,830.00. Insiders purchased 262,000 shares of company stock worth $59,981 over the last quarter. 20.36% of the stock is currently owned by company insiders.

Generation Mining Company Profile

Generation Mining Limited, an exploration and development stage company, focuses on the mining of base and precious metal deposits in Canada. The company explores for molybdenum, tungsten, palladium, copper, platinum, gold, and silver deposits. It holds 100% interest in the Marathon palladium-copper project located in north-western Ontario.