GoldMining (TSE:GOLD) Stock Price Up 1.8% – Should You Buy?

Shares of GoldMining Inc. (TSE:GOLD) traded up 1.8% during mid-day trading on Friday . The company traded as high as C$1.16 and last traded at C$1.15. 98,925 shares were traded during trading, a decline of 14% from the average session volume of 114,808 shares. The stock had previously closed at C$1.13.

GoldMining Stock Performance

The stock’s 50-day moving average price is C$1.16 and its 200-day moving average price is C$1.22. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.37 and a current ratio of 4.19. The company has a market capitalization of C$224.98 million, a price-to-earnings ratio of -9.37 and a beta of 1.37.

GoldMining Company Profile

GoldMining Inc, a mineral exploration company, focuses on the acquisition, exploration, and development of gold assets in the Americas. It 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, the United States; and São Jorge Gold Project located in the State of Pará, Brazil.