Generation Mining Limited (TSE:GENM – Get Rating) shares reached a new 52-week low during trading on Thursday . The stock traded as low as C$0.54 and last traded at C$0.63, with a volume of 204367 shares. The stock had previously closed at C$0.61.
The company has a 50 day moving average of C$0.83 and a 200 day moving average of C$0.87. 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$109.75 million and a price-to-earnings ratio of -2.23.
In related news, Director Kerry Knoll acquired 35,000 shares of the stock in a transaction dated Friday, June 3rd. The stock was acquired at an average cost of C$0.75 per share, with a total value of C$26,246.50. Following the completion of the transaction, the director now owns 3,740,352 shares in the company, valued at approximately C$2,804,889.96.
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.
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