Globex Mining Enterprises (TSE:GMX) Sets New 12-Month High – Here’s Why

Globex Mining Enterprises Inc. (TSE:GMX) shares reached a new 52-week high during trading on Thursday . The stock traded as high as C$1.20 and last traded at C$1.18, with a volume of 30951 shares traded. The stock had previously closed at C$1.20.

Globex Mining Enterprises Price Performance

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 market capitalization of C$66.15 million, a price-to-earnings ratio of 29.50 and a beta of 1.20. The stock has a 50 day moving average price of C$1.10 and a two-hundred day moving average price of C$0.99.

Insiders Place Their Bets

In other news, Director Chris Bryan sold 30,500 shares of the business’s 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. Insiders have sold a total of 43,900 shares of company stock worth $44,468 in the last ninety days. 13.44% of the stock is owned by corporate 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.