Globex Mining Enterprises (TSE:GMX) Sets New 12-Month High – What’s Next?

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

Globex Mining Enterprises Stock Performance

The business’s 50-day moving average is C$2.12 and its two-hundred day moving average is C$1.76. The stock has a market capitalization of C$160.14 million, a PE ratio of 31.56 and a beta of 1.40.

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

Insider Transactions at Globex Mining Enterprises

In other news, insider Carmelo Marrelli sold 6,600 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was 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 directly owned 41,100 shares of the company’s stock, valued at approximately C$382,230. This represents a 13.84% decrease in their position. In the last 90 days, insiders sold 11,100 shares of company stock worth $103,280. Insiders own 13.44% of the company’s stock.

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.