As of Friday close, GoldMining Inc.’s (AMEX:GLDG) stock was down -$0.02, moving down -2.22 percent to $0.83. The average number of shares traded per day over the past five days has been 437,260 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0646 fall in that time frame. In the last twenty days, the average volume was 354,855, while in the previous 50 days, it was 521,848.
Since last month, GLDG stock retreated -12.32%. Shares of the company fell to $0.8150 on 08/18/23, the lowest level in the past month. A 52-week high of $1.64 was reached on 01/17/23 after having rallying from a 52-week low of $0.76. Since the beginning of this year, GLDG’s stock price has dropped by -26.28% or -$0.2970, and marked a new high 7 times. However, the stock has declined by -49.21% since its 52-week high.
GLDG stock investors should be aware that GoldMining Inc. (GLDG) stock had its last reported insider trading activity 92 days ago on May 19. GoldMining Inc., the 10% Owner of the company, purchased of 18,000 shares for $15.97 on May 19. It resulted in a $287,446 investment by the insider. GoldMining Inc. added 3,000 shares at an average price of $14.80 on May 11. The insider now owns 9,830,552 shares following the transaction. On May 10, 10% Owner GoldMining Inc. bought 5,000 shares at $13.87 apiece. The transaction was valued at $69,354.
Financial Health
Based on annual data, GLDG earned $1.35 million in gross profit and brought in $10.56 million in revenue.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. During the quarter, the company generated -$4.39 million in EBITDA. The liabilities of GoldMining Inc. were 5.88 million at the end of its most recent quarter, and its total debt was $4.54 million.
Technical Picture
This quick technical analysis looks at GoldMining Inc.’s (GLDG) price momentum. With a historical volatility rate of 17.07%, the RSI 9-day stood at 24.73% on 18 August.
With respect to its five-day moving average, the current GoldMining Inc. price is down by -7.20% percent or -$0.0646. At present, GLDG shares trade -10.91% below its 20-day simple moving average and -29.41% percent below its 100-day simple moving average. However, the stock is currently trading approximately -17.52% below its SMA50 and -3.70% below its SMA200.
Stochastic coefficient K was 10.58% and Stochastic coefficient D was 11.68%, while ATR was 0.0290. Given the Stochastic reading of 13.43% for the 14-day period, the RSI (14) reading has been calculated as 31.98%. As of today, the MACD Oscillator reading stands at -0.0279, while the 14-day reading stands at -0.0393.
