GoldMining (TSE:GOLD) Trading Down 6.6% – Should You Sell?

GoldMining Inc. (TSE:GOLD)’s share price traded down 6.6% during mid-day trading on Thursday . The stock traded as low as C$2.50 and last traded at C$2.54. 1,018,396 shares traded hands during mid-day trading, an increase of 7% from the average session volume of 953,457 shares. The stock had previously closed at C$2.72.

GoldMining Stock Down 6.6%

The stock’s fifty day moving average price is C$2.01 and its 200-day moving average price is C$1.73. The company has a quick ratio of 0.37, a current ratio of 4.19 and a debt-to-equity ratio of 0.36. The company has a market capitalization of C$532.84 million, a price-to-earnings ratio of -36.29 and a beta of 1.13.

GoldMining (TSE:GOLD) last posted its quarterly earnings results on Friday, October 10th. The company reported C$0.00 earnings per share (EPS) for the quarter. On average, sell-side analysts predict that GoldMining Inc. will post -0.06 earnings per share for the current fiscal year.

About GoldMining

GoldMining Inc is a mineral exploration company with a focus on the acquisition, exploration, and development of projects in Colombia, Brazil, the United States, Canada, and other regions of the Americas. The principal projects are its La Mina Gold project and its Titiribi Gold-Copper project, located in Colombia, Whistler GoldCopper Project, located in Alaska, United States, Sao Jorge Gold Project located in the State of Para, northeastern Brazil, and Yellowknife Gold Project, located in the Northwest Territories, Canada.