Generation Mining (TSE:GENM) Director Jamie Levy Purchases 100,000 Shares of Stock

Generation Mining Limited (TSE:GENM) Director Jamie Levy purchased 100,000 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The shares were purchased at an average cost of C$0.50 per share, for a total transaction of C$50,000.00. Following the completion of the transaction, the director directly owned 8,047,380 shares of the company’s stock, valued at C$4,023,690. This represents a 1.26% increase in their ownership of the stock.

Generation Mining Price Performance

Shares of GENM remained flat at C$0.50 during mid-day trading on Friday. The company’s stock had a trading volume of 1,531,443 shares, compared to its average volume of 974,782. Generation Mining Limited has a 52-week low of C$0.45 and a 52-week high of C$0.92. The stock’s 50 day moving average price is C$0.67 and its two-hundred day moving average price is C$0.64. The company has a market capitalization of C$161.62 million, a price-to-earnings ratio of -2.63 and a beta of 2.40. The company has a debt-to-equity ratio of -1.90, a quick ratio of 3.61 and a current ratio of 4.04.

Generation Mining (TSE:GENM) last released its quarterly earnings results on Wednesday, August 12th. The company reported C($0.05) earnings per share for the quarter.

Generation Mining Company Profile

Generation Mining’s focus is the development of the Marathon Project , a large undeveloped copper-palladium deposit in Northwestern Ontario . The Marathon Property covers a land package of approximately 36,398 hectares (364 km2). Gen Mining is dedicated to fostering a greener future by promoting sustainability, empowering communities, and delivering value to our stakeholders.