G Mining Ventures (OTCMKTS:GMINF) Stock Price Down 4.5% – What’s Next?

Shares of G Mining Ventures Corp. (OTCMKTS:GMINF) dropped 4.5% during trading on Friday . The stock traded as low as C$27.21 and last traded at C$27.52. Approximately 129,559 shares were traded during mid-day trading, an increase of 118% from the average daily volume of 59,379 shares. The stock had previously closed at C$28.82.

Analysts Set New Price Targets

GMINF has been the topic of a number of recent research reports. Jefferies Financial Group restated a “buy” rating on shares of G Mining Ventures in a report on Sunday, December 7th. BMO Capital Markets reiterated an “outperform” rating on shares of G Mining Ventures in a report on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of G Mining Ventures in a research report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

G Mining Ventures Stock Performance

The company’s fifty day moving average is C$35.08 and its 200-day moving average is C$26.89.

About G Mining Ventures

G Mining Ventures Corp. engages in the acquisition, exploration, evaluation, and development of mineral properties. Its flagship project is the Tocantinzinho gold project that includes two mining concessions covering an area of 12,889 hectares, 23 exploration licenses covering an area of 76,116 hectares, and two applications for exploration licenses covering an area of 9,395 hectares located in Pará State, Brazil. The company was formerly known as Kanadario Gold Inc The company was incorporated in 2017 and is based in Québec, Canada.