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

Globex Mining Enterprises Inc. (TSE:GMX)’s share price reached a new 52-week high on Monday . The company traded as high as C$2.17 and last traded at C$2.19, with a volume of 184108 shares. The stock had previously closed at C$1.98.

Globex Mining Enterprises Trading Up 10.1%

The company’s fifty day simple moving average is C$1.76 and its 200 day simple moving average is C$1.58. The stock has a market capitalization of C$122.84 million, a P/E ratio of 24.22 and a beta of 1.48.

Globex Mining Enterprises (TSE:GMX) last issued its quarterly earnings data 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%.

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.