GoldMining (NYSEAMERICAN:GLDG) Trading Down 0.6%

GoldMining Inc. (NYSEAMERICAN:GLDG) fell 0.6% during trading on Tuesday . The company traded as low as $0.81 and last traded at $0.82. 249,492 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 443,053 shares. The stock had previously closed at $0.83.

GoldMining Trading Down 0.6 %

The stock’s 50-day moving average is $0.86. The stock has a market cap of $152.17 million, a PE ratio of -7.47 and a beta of 1.08.

GoldMining (NYSEAMERICAN:GLDG) last issued its earnings results on Friday, April 12th. The company reported ($0.01) EPS for the quarter. On average, equities analysts predict that GoldMining Inc. will post -0.06 EPS for the current fiscal year.

Institutional Investors Weigh In On GoldMining

An institutional investor recently raised its position in GoldMining stock. Van ECK Associates Corp grew its stake in GoldMining Inc. (NYSEAMERICAN:GLDG) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,212,142 shares of the company’s stock after purchasing an additional 91,635 shares during the period. Van ECK Associates Corp owned about 4.58% of GoldMining worth $6,451,000 at the end of the most recent quarter. Hedge funds and other 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.