GoldMining Inc. (TSE:GOLD – Get Rating) shares shot up 8.5% during mid-day trading on Thursday . The stock traded as high as C$1.42 and last traded at C$1.40. 398,963 shares were traded during mid-day trading, an increase of 3% from the average session volume of 388,771 shares. The stock had previously closed at C$1.29.
Separately, HC Wainwright reiterated a “buy” rating and set a C$6.50 price target on shares of GoldMining in a research note on Tuesday, March 15th.
The firm has a market capitalization of C$211.90 million and a price-to-earnings ratio of 2.12. The company has a fifty day moving average price of C$1.91 and a two-hundred day moving average price of C$1.89. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 8.51.
GoldMining Inc, a mineral exploration company, focuses on the acquisition, exploration, and development of gold assets in the Americas. It also 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, United States; and São Jorge Gold Project located in the State of Pará, northeastern Brazil.
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