Generation Mining (TSE:GENM) Trading 2.8% Higher – Here’s Why

Generation Mining Limited (TSE:GENM)’s stock price traded up 2.8% on Monday . The stock traded as high as C$0.39 and last traded at C$0.37. 1,148,190 shares traded hands during mid-day trading, an increase of 253% from the average session volume of 325,678 shares. The stock had previously closed at C$0.36.

Generation Mining Trading Up 2.8%

The company’s fifty day moving average is C$0.35 and its two-hundred day moving average is C$0.27. The company has a debt-to-equity ratio of -3.94, a quick ratio of 3.61 and a current ratio of 3.05. The company has a market cap of C$99.23 million, a price-to-earnings ratio of -4.11 and a beta of 1.15.

Insider Buying and Selling

In related news, Director Jamie Levy acquired 172,500 shares of the stock in a transaction on Wednesday, July 9th. The shares were acquired at an average price of C$0.32 per share, for a total transaction of C$54,337.50. Corporate insiders own 20.36% of the company’s stock.

About Generation Mining

Generation Mining is developing the Marathon Palladium-Copper project in Northwestern Ontario. The Company has completed a feasibility study which estimates 245,000 ounces of annual palladium-equivalent production over a 13-year mine life. Marathon is the largest undeveloped palladium project in North America.