Globex Mining Enterprises (TSE:GMX) Sets New 12-Month High - Should You Buy?

Key Points

• Globex Mining Enterprises shares reached a new 52-week high of C$1.64, trading at this price with a volume of 84,650 shares.
• The company has a market cap of C$97.61 million and a high PE ratio of 174.00, indicating significant market interest despite its valuation.
• Globex is primarily focused on the exploration and development of mineral properties in North America, with a diverse portfolio in base and specialty metals.

Shares of Globex Mining Enterprises Inc. (TSE:GMX - ) hit a new 52-week high during trading on Monday . The company traded as high as C$1.64 and last traded at C$1.64, with a volume of 84650 shares traded. The stock had previously closed at C$1.57.

Globex Mining Enterprises Stock Performance

The company has a market cap of C$97.61 million, a PE ratio of 174.00 and a beta of 1.13. The stock's 50-day simple moving average is C$1.39 and its 200 day simple moving average is C$1.38.

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.

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