Globex Mining Enterprises (TSE:GMX) Hits New 1-Year High – Here’s Why

Globex Mining Enterprises Inc. (TSE:GMX)’s stock price hit a new 52-week high on Wednesday . The company traded as high as C$2.52 and last traded at C$2.44, with a volume of 77927 shares. The stock had previously closed at C$2.46.

Globex Mining Enterprises Trading Down 0.4%

The company has a market cap of C$138.05 million, a price-to-earnings ratio of 27.22 and a beta of 1.48. The business has a 50-day moving average price of C$1.85 and a 200 day moving average price of C$1.62.

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

Globex Mining Enterprises Company Profile

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.