GoldMining (TSE:GOLD) Shares Down 0.8% – What’s Next?

GoldMining Inc. (TSE:GOLD) dropped 0.8% during mid-day trading on Tuesday . The stock traded as low as C$1.17 and last traded at C$1.18. Approximately 113,388 shares traded hands during trading, a decline of 7% from the average daily volume of 122,209 shares. The stock had previously closed at C$1.19.

GoldMining Trading Down 0.8 %

The firm’s 50 day simple moving average is C$1.16 and its two-hundred day simple moving average is C$1.20. The stock has a market capitalization of C$230.85 million, a P/E ratio of -9.61 and a beta of 1.37. The company has a quick ratio of 0.37, a current ratio of 4.19 and a debt-to-equity ratio of 0.36.

About GoldMining

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.