Globex Mining Enterprises (TSE:GMX) Hits New 1-Year High - Here's What Happened

Key Points

• Globex Mining Enterprises stock reached a new 52-week high of C$1.99 during trading, reflecting a significant increase from its previous close of C$1.82.
• The company's market capitalization stands at C$112.75 million, and it has a PE ratio of 201.00, indicating a high valuation relative to its earnings.
• Globex Mining is involved in the exploration and development of mineral properties across North America, focusing on Base Metals, Specialty Metals, and Industrial Minerals.

Globex Mining Enterprises Inc. (TSE:GMX - )'s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$1.99 and last traded at C$1.99, with a volume of 109070 shares traded. The stock had previously closed at C$1.82.

Globex Mining Enterprises Price Performance

The company has a fifty day moving average of C$1.44 and a 200-day moving average of C$1.39. The firm has a market capitalization of C$112.75 million, a PE ratio of 201.00 and a beta of 1.13.

About Globex Mining Enterprises

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.