GoldMining Inc. (NYSEAMERICAN:GLDG – Get Free Report)’s stock price was down 6.1% during trading on Wednesday . The company traded as low as $1.06 and last traded at $1.07. Approximately 1,460,059 shares traded hands during trading, a decline of 29% from the average daily volume of 2,066,894 shares. The stock had previously closed at $1.14.
GoldMining Stock Performance
The firm has a market capitalization of $202.70 million, a price-to-earnings ratio of -15.79 and a beta of 1.15. The firm’s 50-day moving average price is $1.18 and its two-hundred day moving average price is $1.37.
Institutional Trading of GoldMining
Several institutional investors have recently bought and sold shares of the stock. Financial Security Advisor Inc. increased its holdings in shares of GoldMining by 40.8% during the fourth quarter. Financial Security Advisor Inc. now owns 27,935 shares of the company’s stock worth $35,000 after buying an additional 8,100 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in GoldMining during the 3rd quarter valued at $30,000. Themes Management Co LLC bought a new position in GoldMining in the 4th quarter valued at $42,000. Quadrature Capital Ltd acquired a new position in GoldMining in the fourth quarter worth $44,000. Finally, Sigma Planning Corp acquired a new stake in shares of GoldMining in the fourth quarter valued at $47,000. Institutional investors and hedge funds own 11.25% of the company’s stock.
About GoldMining
GoldMining Inc is a Canada-based mineral exploration and development company focused on the acquisition and advancement of precious metal projects in the Americas. Publicly traded on the NYSE American under the symbol GLDG, the company targets high-quality gold assets with the potential for significant resource expansion. GoldMining seeks to identify projects at various stages, from early exploration to advanced development, and apply systematic drilling and metallurgical testing to enhance their economic prospects.
The company’s portfolio encompasses a diversified suite of properties across North and South America.
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