Insider Selling: Globex Mining Enterprises (TSE:GMX) Insider Sells 6,600 Shares of Stock

Globex Mining Enterprises Inc. (TSE:GMX) insider Carmelo Marrelli sold 6,600 shares of the business’s stock in a transaction 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 sale, the insider owned 41,100 shares in the company, valued at approximately C$382,230. The trade was a 13.84% decrease in their position.

Carmelo Marrelli also recently made the following trade(s):

• On Tuesday, December 23rd, Carmelo Marrelli sold 4,000 shares of Globex Mining Enterprises stock. The shares were sold at an average price of C$9.31, for a total value of C$37,240.00.
• On Tuesday, December 23rd, Carmelo Marrelli sold 500 shares of Globex Mining Enterprises stock. The shares were sold at an average price of C$9.32, for a total transaction of C$4,660.00.

Globex Mining Enterprises Stock Performance

Globex Mining Enterprises stock traded up C$0.09 during mid-day trading on Friday, reaching C$2.70. 67,728 shares of the company were exchanged, compared to its average volume of 113,561. The firm has a market cap of C$152.14 million, a P/E ratio of 30.00 and a beta of 1.48. The business has a fifty day moving average of C$1.90 and a 200 day moving average of C$1.64. Globex Mining Enterprises Inc. has a 12-month low of C$1.18 and a 12-month high of C$2.74.

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

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.