G Mining Ventures (OTCMKTS:GMINF) Stock Price Up 4.7% – Here’s What Happened

G Mining Ventures Corp. (OTCMKTS:GMINF) was up 4.7% during mid-day trading on Friday . The stock traded as high as C$41.39 and last traded at C$41.39. Approximately 35,229 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 57,042 shares. The stock had previously closed at C$39.55.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GMINF shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of G Mining Ventures in a research report on Wednesday, February 4th. BMO Capital Markets reiterated an “outperform” rating on shares of G Mining Ventures in a research note on Wednesday, January 21st. Finally, Jefferies Financial Group restated a “buy” rating on shares of G Mining Ventures in a research note on Sunday, December 7th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

G Mining Ventures Trading Up 4.7%

The business’s fifty day moving average price is C$33.15 and its two-hundred day moving average price is C$24.55.

G Mining Ventures Company Profile

G Mining Ventures Corp. engages in the acquisition, exploration, evaluation, and development of mineral properties. Its flagship project is the Tocantinzinho gold project that includes two mining concessions covering an area of 12,889 hectares, 23 exploration licenses covering an area of 76,116 hectares, and two applications for exploration licenses covering an area of 9,395 hectares located in Pará State, Brazil. The company was formerly known as Kanadario Gold Inc The company was incorporated in 2017 and is based in Québec, Canada.