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 Globex Mining Enterprises 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 transaction, the insider directly owned 41,100 shares in the company, valued at approximately C$382,230. This trade represents a 13.84% decrease in their ownership of the stock.

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

Globex Mining Enterprises Stock Performance

Shares of GMX stock traded up C$0.09 during trading hours on Friday, reaching C$2.70. The company had a trading volume of 67,728 shares, compared to its average volume of 113,561. The stock’s fifty day simple moving average is C$1.90 and its 200 day simple moving average is C$1.64. The company has a market capitalization of C$152.14 million, a P/E ratio of 30.00 and a beta of 1.48. Globex Mining Enterprises Inc. has a twelve month low of C$1.18 and a twelve month high of C$2.74.

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. 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.

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.