Globex Mining Enterprises (TSE:GMX) Sets New 1-Year High – What’s Next?

Globex Mining Enterprises Inc. (TSE:GMX) reached a new 52-week high on Wednesday . The company traded as high as C$1.24 and last traded at C$1.24, with a volume of 23700 shares. The stock had previously closed at C$1.19.

Globex Mining Enterprises Stock Performance

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’s fifty day moving average is C$1.10 and its 200 day moving average is C$0.99. The company has a market cap of C$70.64 million, a PE ratio of 31.50 and a beta of 1.20.

Insider Buying and Selling

In other news, Director Chris Bryan sold 30,500 shares of Globex Mining Enterprises stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of C$1.00, for a total value of C$30,500.00. Insiders sold a total of 43,900 shares of company stock worth $44,468 in the last 90 days. 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.