GoldMining (TSE:GOLD) Trading 1.8% Higher - Here's Why

Shares of GoldMining Inc. (TSE:GOLD - Get Free Report) traded up 1.8% during mid-day trading on Friday . The stock traded as high as C$1.16 and last traded at C$1.15. 98,925 shares traded hands during trading, a decline of 14% from the average session volume of 114,808 shares. The stock had previously closed at C$1.13.

GoldMining Stock Performance

The company has a market cap of C$232.81 million, a price-to-earnings ratio of -9.69 and a beta of 1.37. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.19 and a quick ratio of 0.37. The business's 50-day simple moving average is C$1.16 and its 200-day simple moving average is C$1.22.

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.