Insider Buying: Generation Mining (TSE:GENM) Director Buys C$50,000.00 in Stock

Generation Mining Limited (TSE:GENM) Director Jamie Levy acquired 100,000 shares of the stock in a transaction dated Friday, October 9th. The stock was purchased at an average cost of C$0.50 per share, with a total value of C$50,000.00. Following the purchase, the director directly owned 8,047,380 shares of the company’s stock, valued at C$4,023,690. This trade represents a 1.26% increase in their ownership of the stock.

Generation Mining Price Performance

Shares of GENM stock remained flat at C$0.50 during trading hours on Friday. 1,531,443 shares of the stock traded hands, compared to its average volume of 974,782. The firm has a 50 day moving average price of C$0.67 and a 200 day moving average price of C$0.64. The stock has a market cap of C$161.62 million, a PE ratio of -2.63 and a beta of 2.40. Generation Mining Limited has a 12-month low of C$0.45 and a 12-month high of C$0.92. The company has a current ratio of 4.04, a quick ratio of 3.61 and a debt-to-equity ratio of -1.90.

Generation Mining (TSE:GENM) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C($0.05) earnings per share for the quarter.

Generation Mining Company Profile

Generation Mining’s focus is the development of the Marathon Project , a large undeveloped copper-palladium deposit in Northwestern Ontario . The Marathon Property covers a land package of approximately 36,398 hectares (364 km2). Gen Mining is dedicated to fostering a greener future by promoting sustainability, empowering communities, and delivering value to our stakeholders.