G Mining Ventures (OTCMKTS:GMINF) Trading Down 4.6% – Time to Sell?

G Mining Ventures Corp. (OTCMKTS:GMINF) fell 4.6% on Thursday . The company traded as low as C$31.94 and last traded at C$32.72. 46,444 shares traded hands during trading, a decline of 20% from the average session volume of 57,948 shares. The stock had previously closed at C$34.29.

Analyst Ratings Changes

A number of research firms recently weighed in on GMINF. BMO Capital Markets reaffirmed an “outperform” rating on shares of G Mining Ventures in a research note on Wednesday, January 21st. Jefferies Financial Group reiterated a “buy” rating on shares of G Mining Ventures in a research note on Sunday, December 7th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of G Mining Ventures in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy”.

G Mining Ventures Stock Up 2.7%

The company’s 50 day simple moving average is C$30.12 and its two-hundred day simple moving average is C$22.06.

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.