GoldMining (TSE:GOLD) Trading 9.2% Higher – Time to Buy?

GoldMining Inc. (TSE:GOLDGet Free Report) shares traded up 9.2% during trading on Monday . The stock traded as high as C$1.30 and last traded at C$1.30. 250,217 shares traded hands during trading, an increase of 93% from the average session volume of 129,415 shares. The stock had previously closed at C$1.19.

GoldMining Price Performance

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 4.19. The firm’s fifty day simple moving average is C$1.30 and its 200 day simple moving average is C$1.24. The firm has a market cap of C$243.45 million, a P/E ratio of -9.92 and a beta of 1.37.

About GoldMining

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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.

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