GoldMining (TSE:GOLD) Shares Down 3.3% – What’s Next?

Shares of GoldMining Inc. (TSE:GOLD) fell 3.3% during mid-day trading on Monday . The company traded as low as C$1.19 and last traded at C$1.19. 103,364 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 121,585 shares. The stock had previously closed at C$1.23.

GoldMining Stock Performance

The company’s 50 day simple moving average is C$1.17 and its 200 day simple moving average is C$1.23. The stock has a market cap of C$232.81 million, a PE ratio of -9.69 and a beta of 1.37. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.37 and a current ratio of 4.19.

About GoldMining

GoldMining Inc, a mineral exploration company, focuses on the acquisition, exploration, and development of gold assets in the Americas. It operates a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the United States, Brazil, Colombia, and Peru. The company's principal projects include La Mina Gold Project and Titiribi Gold-Copper Project located in Colombia; Whistler Gold-Copper Project located in Alaska, the United States; and São Jorge Gold Project located in the State of Pará, Brazil.