Globex Mining Enterprises (TSE:GMX) Sets New 52-Week High – Here’s Why

Globex Mining Enterprises Inc. (TSE:GMX)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$1.24 and last traded at C$1.24, with a volume of 23700 shares trading hands. The stock had previously closed at C$1.19.

Globex Mining Enterprises Trading Up 5.9 %

The company has a quick ratio of 119.76, a current ratio of 128.91 and a debt-to-equity ratio of 1.25. The company has a market capitalization of C$70.64 million, a PE ratio of 31.50 and a beta of 1.20. The stock’s 50 day moving average is C$1.10 and its two-hundred day moving average is C$0.99.

Insider Buying and Selling at Globex Mining Enterprises

In other Globex Mining Enterprises news, Director Chris Bryan sold 30,500 shares of the business’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 transaction of C$30,500.00. Insiders have sold 43,900 shares of company stock worth $44,468 over the last quarter. Insiders own 13.44% of the company’s stock.

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.