GoldMining (TSE:GOLD) Shares Down 1.8% – Time to Sell?
by Mitch Edgeman · The Markets DailyGoldMining Inc. (TSE:GOLD – Get Free Report)’s stock price dropped 1.8% during trading on Tuesday . The stock traded as low as C$1.63 and last traded at C$1.68. Approximately 400,481 shares traded hands during trading, a decline of 43% from the average daily volume of 704,384 shares. The stock had previously closed at C$1.71.
GoldMining Trading Up 1.7%
The company has a quick ratio of 0.37, a current ratio of 9.48 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is C$1.95 and its 200 day moving average price is C$1.97. The company has a market capitalization of C$369.21 million, a P/E ratio of -25.14 and a beta of 1.56.
GoldMining (TSE:GOLD – Get Free Report) last announced its quarterly earnings results on Friday, February 27th. The company reported C($0.04) earnings per share (EPS) for the quarter. As a group, equities research analysts predict that GoldMining Inc. will post -0.06 earnings per share for the current year.
GoldMining Company Profile
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.