GoldMining (TSE:GOLD) Trading Down 3.3% – Here’s Why

GoldMining Inc. (TSE:GOLDGet Free Report)’s share price was down 3.3% during trading on Monday . The stock traded as low as C$1.19 and last traded at C$1.19. Approximately 103,364 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 121,585 shares. The stock had previously closed at C$1.23.

GoldMining Stock Down 2.5 %

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.37 and a current ratio of 4.19. The company has a market capitalization of C$228.89 million, a price-to-earnings ratio of -9.53 and a beta of 1.37. The business’s 50 day moving average is C$1.18 and its 200 day moving average is C$1.23.

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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