Globex Mining Enterprises (TSE:GMX) Sets New 52-Week High – Time to Buy?

Globex Mining Enterprises Inc. (TSE:GMXGet Free Report)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$1.48 and last traded at C$1.50, with a volume of 81245 shares changing hands. The stock had previously closed at C$1.46.

Globex Mining Enterprises Trading Up 6.7 %

The company has a debt-to-equity ratio of 1.25, a current ratio of 128.91 and a quick ratio of 119.76. The firm has a fifty day simple moving average of C$1.20 and a two-hundred day simple moving average of C$1.03. The firm has a market capitalization of C$89.14 million, a P/E ratio of 39.75 and a beta of 1.20.

Globex Mining Enterprises Company Profile

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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.

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