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

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

Globex Mining Enterprises Stock Down 0.9 %

The stock has a market cap of C$64.47 million, a PE ratio of 28.75 and a beta of 1.20. The business has a 50 day moving average price of C$1.09 and a 200 day moving average price of C$0.98. The company has a quick ratio of 119.76, a current ratio of 128.91 and a debt-to-equity ratio of 1.25.

Insider Activity

In related news, Director Chris Bryan sold 30,500 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of C$1.00, for a total transaction of C$30,500.00. Insiders sold a total of 43,900 shares of company stock valued at $44,468 in the last three months. 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.