GoldMining Inc. (NYSEAMERICAN:GLDG – Get Free Report) shot up 1.4% during mid-day trading on Thursday . The company traded as high as $0.92 and last traded at $0.89. 866,419 shares traded hands during trading, a decline of 49% from the average session volume of 1,689,270 shares. The stock had previously closed at $0.8780.
GoldMining Price Performance
The firm’s 50 day moving average is $1.10 and its 200 day moving average is $1.32. The firm has a market cap of $190.99 million, a P/E ratio of -14.83 and a beta of 1.15.
Institutional Trading of GoldMining
A number of hedge funds have recently made changes to their positions in GLDG. Financial Security Advisor Inc. grew its stake in shares of GoldMining by 40.8% in the 4th quarter. Financial Security Advisor Inc. now owns 27,935 shares of the company’s stock worth $35,000 after buying an additional 8,100 shares during the last quarter. Themes Management Co LLC purchased a new position in GoldMining during the fourth quarter valued at $42,000. Quadrature Capital Ltd bought a new stake in GoldMining in the fourth quarter worth $44,000. Sigma Planning Corp bought a new stake in GoldMining in the fourth quarter worth $47,000. Finally, Sprott Inc. boosted its holdings in GoldMining by 12.7% in the third quarter. Sprott Inc. now owns 363,621 shares of the company’s stock worth $447,000 after acquiring an additional 40,843 shares in the last quarter. 11.25% of the stock is owned by institutional investors.
About GoldMining
GoldMining Inc is a Canada-based mineral exploration and development company focused on the acquisition and advancement of precious metal projects in the Americas. Publicly traded on the NYSE American under the symbol GLDG, the company targets high-quality gold assets with the potential for significant resource expansion. GoldMining seeks to identify projects at various stages, from early exploration to advanced development, and apply systematic drilling and metallurgical testing to enhance their economic prospects.
The company’s portfolio encompasses a diversified suite of properties across North and South America.
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