Generation Mining (TSE:GENM) Hits New 52-Week High – Still a Buy?

Generation Mining Limited (TSE:GENM) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$0.92 and last traded at C$0.89, with a volume of 541535 shares. The stock had previously closed at C$0.91.

Generation Mining Stock Down 2.2%

The business’s fifty day simple moving average is C$0.60 and its two-hundred day simple moving average is C$0.47. The company has a market cap of C$239.97 million, a PE ratio of -11.13 and a beta of 1.19. The company has a debt-to-equity ratio of -3.94, a current ratio of 3.05 and a quick ratio of 3.61.

Generation Mining (TSE:GENM) last posted its earnings results on Wednesday, November 5th. The company reported C($0.03) earnings per share (EPS) for the quarter.

Generation Mining Company Profile

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. Most palladium demand is for autocatalysts in cars, which scrub toxic emissions from exhaust, making our air much cleaner and lowering greenhouse gases.