Globex Mining Enterprises (TSE:GMX) Hits New 12-Month High – Should You Buy?

Globex Mining Enterprises Inc. (TSE:GMXGet Free Report)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$1.24 and last traded at C$1.24, with a volume of 23700 shares changing hands. The stock had previously closed at C$1.19.

Globex Mining Enterprises Stock Performance

The company has a debt-to-equity ratio of 1.25, a quick ratio of 119.76 and a current ratio of 128.91. The stock has a market cap of C$74.56 million, a P/E ratio of 33.25 and a beta of 1.20. The stock has a 50-day moving average price of C$1.12 and a 200-day moving average price of C$1.00.

Insider Buying and Selling at Globex Mining Enterprises

In other news, Director Chris Bryan sold 30,500 shares of the stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of C$1.00, for a total transaction of C$30,500.00. 13.44% of the stock is currently owned by company insiders.

Globex Mining Enterprises Company Profile

(Get Free Report)

Globex Mining Enterprises Inc engages in the acquisition, exploration, and development of mineral properties in North America. The company has a mineral portfolio of approximately 232 early to mid-stage exploration, development, and royalty properties containing base metals, including copper, nickel, zinc, and lead; and precious metals, such as gold, silver, platinum, and palladium.

Further Reading

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