GoldMining Inc. (AMEX:GLDG) currently has a daily average trading volume of 627.91K but it saw 2462588 shares traded on Wednesday. With a market cap of 192.07M USD, stock’s current market price of $1.21 came rising about 0.83 while comparing to the previous closing price of $1.20. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.02 and as low as $0.76. In the recent trading on the day, stock has struck highest price mark of $1.25 while lowest mark touched by it was $1.14.
Taking a look at 20-day trading activity of GoldMining Inc. (GLDG) gives us an average price of $0.9303, while its current price level is -40.10% below from 52-week high level whereas it is 60.04% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.8896 while that of 200 days or SMA-200 reads an average of $1.1762. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.25% during that period while stretching the period over a month that decreases to 5.32%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 76.02 which implies that the stock is in overbought territory.
GoldMining Inc. (GLDG)’s stock is currently under the radar of 2 analysts who are in consensus at a 12-month price target range of between $3.11 and $3.83 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $3.11 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $3.83. Average price target assigned by them is $3.47 which highlights an upside potential of 65.13% for the stock over that period. And to attain the median price target of $3.47 assigned by those analysts, stock has to add about 65.13% of value to its current levels.
Data by FactSet Research shows that 2 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 2 analysts suggested the investors to Buy the stock while 0 advised them to Hold.
Over the week, GLDG’s stock price is moving 24.47% up while it is 39.08% when we observe its performance for the past one month. Year-to-date it is 0.83% up and over the past year, the stock is showing a downside performance of -17.12%.
Currently, GoldMining Inc.’s total number of outstanding shares is 158.73M with 5.66% of that held by the insiders while 9.10% of its common stock has been owned by the institutions. It has a price to earnings ratio (P/E ratio) of 2.37. Stock has a price to book (P/B) ratio of 1.50.