GoldMining (TSE:GOLD) Trading Down 3.1% – Here’s Why

GoldMining Inc. (TSE:GOLD) shares fell 3.1% on Wednesday . The company traded as low as C$1.54 and last traded at C$1.56. 436,504 shares were traded during trading, a decline of 31% from the average session volume of 633,464 shares. The stock had previously closed at C$1.61.

GoldMining Stock Performance

The company has a current ratio of 20.42, a quick ratio of 0.37 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average price is C$1.85 and its two-hundred day moving average price is C$1.95. The firm has a market capitalization of C$338.12 million, a PE ratio of -19.75 and a beta of 1.56.

GoldMining (TSE:GOLD) last issued its quarterly earnings data on Friday, April 10th. The company reported C($0.03) earnings per share for the quarter. On average, equities analysts expect that GoldMining Inc. will post -0.06 earnings per share for the current year.

About GoldMining

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.