GoldMining (NYSEAMERICAN:GLDG) Trading Down 0.6%

GoldMining Inc. (NYSEAMERICAN:GLDG)’s share price dropped 0.6% on Tuesday . The company traded as low as $0.81 and last traded at $0.82. Approximately 249,492 shares were traded during trading, a decline of 44% from the average daily volume of 443,053 shares. The stock had previously closed at $0.83.

GoldMining Stock Performance

The company has a fifty day moving average of $0.86. The stock has a market capitalization of $152.17 million, a P/E ratio of -7.47 and a beta of 1.08.

GoldMining (NYSEAMERICAN:GLDG) last issued its quarterly earnings data on Friday, April 12th. The company reported ($0.01) EPS for the quarter. Research analysts expect that GoldMining Inc. will post -0.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GoldMining

An institutional investor recently raised its position in GoldMining stock. Sprott Inc. boosted its stake in GoldMining Inc. (NYSEAMERICAN:GLDG) by 94.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,500 shares of the company’s stock after purchasing an additional 40,000 shares during the period. Sprott Inc.’s holdings in GoldMining were worth $65,000 at the end of the most recent quarter. Institutional investors own 11.25% of the company’s stock.

GoldMining Company Profile

GoldMining Inc, a mineral exploration company, focuses on the acquisition, exploration, and development of gold assets in the Americas. It also 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.