Globex Mining Enterprises (TSE:GMX) Reaches New 52-Week High – Should You Buy?

Shares of Globex Mining Enterprises Inc. (TSE:GMX) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$1.18 and last traded at C$1.17, with a volume of 28850 shares trading hands. The stock had previously closed at C$1.15.

Globex Mining Enterprises Trading Up 0.9 %

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 business has a fifty day simple moving average of C$1.07 and a 200 day simple moving average of C$0.97. The stock has a market cap of C$64.47 million, a price-to-earnings ratio of 28.75 and a beta of 1.20.

Insider Activity at Globex Mining Enterprises

In related news, Director Chris Bryan sold 30,500 shares of the firm’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 a total of 43,900 shares of company stock valued at $44,468 over the last quarter. Insiders own 13.44% of the company’s stock.

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.