GoldMining Inc (AMEX:GLDG) price on Friday, June 13, rose 1.05% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.77.
A look at the stock’s price movement, the close in the last trading session was $0.76. Turning to its 52-week performance, $1.06 and $0.71 were the 52-week high and 52-week low respectively. Overall, GLDG moved 1.00% over the past month.
GoldMining Inc’s market cap currently stands at around $150.55 million, with investors looking forward to this quarter’s earnings report slated for in July.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend GLDG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GLDG’s current price about 0.12% and -1.86% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.12, while 7-day volatility ratio is 0.90% and 1.37% in the 30-day chart. Further, GoldMining Inc (GLDG) has a beta value of 1.26, and an average true range (ATR) of 0.02.
If we refocus on GoldMining Inc (AMEX:GLDG), historical trading data shows that trading volumes averaged 564.48K over the past 3 months. The company’s latest data on shares outstanding shows there are 195.94 million shares.
The 5.24% of GoldMining Inc’s shares are in the hands of company insiders while institutional holders own 8.78% of the company’s shares. Current price change has pushed the stock -4.60% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GLDG stock continues to rise going into the next quarter.
