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

Globex Mining Enterprises Inc. (TSE:GMX)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as C$1.18 and last traded at C$1.17, with a volume of 28850 shares. The stock had previously closed at C$1.15.

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$65.59 million, a PE ratio of 29.25 and a beta of 1.20. The company’s 50-day moving average price is C$1.07 and its two-hundred day moving average price is C$0.97.

Insider Activity at Globex Mining Enterprises

In related news, Director Chris Bryan sold 30,500 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of C$1.00, for a total value of C$30,500.00. Insiders have sold a total of 43,900 shares of company stock valued at $44,468 over the last 90 days. 13.44% of the stock is owned by insiders.

Globex Mining Enterprises Company Profile

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.