Globex Mining Enterprises (TSE:GMX) Reaches New 1-Year High – Should You Buy?

Globex Mining Enterprises Inc. (TSE:GMX) reached a new 52-week high on Friday . The stock traded as high as C$1.19 and last traded at C$1.15, with a volume of 23200 shares changing hands. The stock had previously closed at C$1.16.

Globex Mining Enterprises Price Performance

The business has a 50-day moving average of C$1.09 and a two-hundred day moving average of C$0.98. The company has a current ratio of 128.91, a quick ratio of 119.76 and a debt-to-equity ratio of 1.25. The firm has a market cap of C$66.15 million, a P/E ratio of 29.50 and a beta of 1.20.

Insider Activity

In other Globex Mining Enterprises news, Director Chris Bryan sold 30,500 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of C$1.00, for a total value of C$30,500.00. Over the last three months, insiders have sold 43,900 shares of company stock valued at $44,468. 13.44% of the stock is currently owned by corporate insiders.

About Globex Mining Enterprises

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.