Globex Mining Enterprises (TSE:GMX) Sets New 1-Year High – Should You Buy?

Globex Mining Enterprises Inc. (TSE:GMX) reached a new 52-week high during trading on Friday . The company traded as high as C$2.84 and last traded at C$2.84, with a volume of 59997 shares changing hands. The stock had previously closed at C$2.68.

Globex Mining Enterprises Price Performance

The company has a market cap of C$161.27 million, a P/E ratio of 31.78 and a beta of 1.40. The firm’s 50-day moving average is C$2.14 and its two-hundred day moving average is C$1.77.

Globex Mining Enterprises (TSE:GMX) last posted its earnings results on Thursday, November 13th. The company reported C$0.08 earnings per share (EPS) for the quarter. The company had revenue of C$0.45 million for the quarter. Globex Mining Enterprises had a return on equity of 14.02% and a net margin of 108.26%.

Insider Buying and Selling at Globex Mining Enterprises

In related news, insider Carmelo Marrelli sold 6,600 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of C$9.30, for a total transaction of C$61,380.00. Following the completion of the transaction, the insider owned 41,100 shares in the company, valued at C$382,230. The trade was a 13.84% decrease in their position. In the last quarter, insiders have sold 11,100 shares of company stock valued at $103,280. 13.44% of the stock is currently owned by company insiders.

About Globex Mining Enterprises

Globex Mining Enterprises Inc is a Canada based exploration company. The company is engaged in the acquisition, development, and exploration of mineral properties in North America. The company’s mineral portfolio consists of early to mid-stage exploration, development and royalty properties which contain Base Metals, Specialty Metals and Minerals and Industrial Minerals.