GoldMining Inc. (NYSEAMERICAN:GLDG – Get Free Report)’s share price rose 1.4% on Thursday . The stock traded as high as $0.92 and last traded at $0.89. 866,419 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 1,689,270 shares. The stock had previously closed at $0.8780.
GoldMining Price Performance
The firm has a market capitalization of $194.85 million, a price-to-earnings ratio of -15.13 and a beta of 1.15. The stock has a fifty day moving average of $1.09 and a two-hundred day moving average of $1.32.
Hedge Funds Weigh In On GoldMining
A number of hedge funds have recently made changes to their positions in the stock. Financial Security Advisor Inc. boosted its holdings in GoldMining by 40.8% in the fourth quarter. Financial Security Advisor Inc. now owns 27,935 shares of the company’s stock valued at $35,000 after acquiring an additional 8,100 shares during the last quarter. Themes Management Co LLC bought a new position in GoldMining during the 4th quarter worth approximately $42,000. Quadrature Capital Ltd acquired a new position in shares of GoldMining in the 4th quarter worth approximately $44,000. Sigma Planning Corp acquired a new position in shares of GoldMining in the 4th quarter worth approximately $47,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of GoldMining in the 1st quarter valued at $69,000. 11.25% of the stock is currently 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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