Generation Mining (TSE:GENM) Hits New 1-Year Low – Here’s What Happened

Generation Mining Limited (TSE:GENMGet Free Report)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as C$0.13 and last traded at C$0.14, with a volume of 265912 shares trading hands. The stock had previously closed at C$0.14.

Generation Mining Stock Performance

The firm’s 50 day moving average is C$0.15 and its 200-day moving average is C$0.20. The stock has a market capitalization of C$31.99 million, a price-to-earnings ratio of -1.44 and a beta of 1.64. The company has a debt-to-equity ratio of -3.94, a quick ratio of 3.61 and a current ratio of 3.05.

Generation Mining Company Profile

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Generation Mining is developing the Marathon Palladium-Copper project in Northwestern Ontario. The Company has completed a feasibility study which estimates 245,000 ounces of annual palladium-equivalent production over a 13-year mine life. Marathon is the largest undeveloped palladium project in North America.

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