Generation Mining (TSE:GENM) Trading 7.4% Higher - Time to Buy?

Generation Mining Limited (TSE:GENM - Get Free Report)'s share price was up 7.4% during mid-day trading on Thursday . The stock traded as high as C$0.29 and last traded at C$0.29. Approximately 124,640 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 207,352 shares. The stock had previously closed at C$0.27.

Generation Mining Price Performance

The company has a quick ratio of 3.61, a current ratio of 3.40 and a debt-to-equity ratio of 8.15. The firm has a market capitalization of C$76.87 million, a PE ratio of -4.06 and a beta of 1.64. The firm's fifty day simple moving average is C$0.24 and its 200-day simple moving average is C$0.26.

Insiders Place Their Bets

In related news, Director Jamie Levy acquired 162,000 shares of the firm's stock in a transaction dated Tuesday, September 10th. The stock was purchased at an average cost of C$0.22 per share, with a total value of C$34,830.00. Over the last ninety days, insiders bought 262,000 shares of company stock valued at $59,981. Insiders own 20.36% of the company's stock.

About Generation Mining

Generation Mining Limited, an exploration and development stage company, focuses on the mining of base and precious metal deposits in Canada. The company explores for molybdenum, tungsten, palladium, copper, platinum, gold, and silver deposits. It holds 100% interest in the Marathon palladium-copper project located in north-western Ontario.