New Jersey Mining (NJMC) Releases Earnings Results

New Jersey Mining (OTCMKTS:NJMC) posted its quarterly earnings results on Tuesday. The basic materials company reported $0.00 earnings per share for the quarter, Zacks reports. The business had revenue of $1.10 million during the quarter. New Jersey Mining had a net margin of 1.04% and a return on equity of 0.75%.

Shares of New Jersey Mining traded up $0.01, reaching $0.19, during mid-day trading on Thursday, according to MarketBeat. The stock had a trading volume of 28,450 shares, compared to its average volume of 71,080. New Jersey Mining has a 12 month low of $0.11 and a 12 month high of $0.22. The company has a current ratio of 0.61, a quick ratio of 0.42 and a debt-to-equity ratio of 0.16.

In related news, Director Kevin G. Shiell bought 400,000 shares of the company’s stock in a transaction that occurred on Friday, March 30th. The stock was purchased at an average price of $0.13 per share, for a total transaction of $52,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 20.46% of the company’s stock.

New Jersey Mining Company Profile

New Jersey Mining Company explores for, develops, and extracts gold, silver, and base metal resources in the Greater Coeur d'Alene Mining District of North Idaho and Western Montana. It holds 100% interest in the Golden Chest that consists of 25 patented mining claims covering 280 acres and 70 unpatented claims mine covering 990 acres located in Murray, Idaho; and 50% interest in the Butte Highlands mine covering an area of approximately 1,310 acres comprising 11 patented claims, 65 unpatented lode mining claims, and 20 unpatented mill-site claims located in Butte, Montana.

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