Globex Mining Enterprises (TSE:GMX) Hits New 1-Year High – Still a Buy?

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

Globex Mining Enterprises Stock Up 0.9 %

The firm’s 50-day moving average price is C$1.10 and its two-hundred day moving average price is C$0.99. 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 firm has a market cap of C$66.15 million, a PE ratio of 29.50 and a beta of 1.20.

Insider Transactions at Globex Mining Enterprises

In related news, Director Chris Bryan sold 30,500 shares of the 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. Over the last 90 days, insiders have sold 43,900 shares of company stock worth $44,468. Corporate 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.