Goldbank Mining (CVE:GLB) Hits New 52-Week High - Time to Buy?

Key Points

• Goldbank Mining's share price reached a new 52-week high of C$0.46, with a trading volume of 6005 shares on Tuesday.
• The company has a market capitalization of C$78.58 million and a PE ratio of -23.00, indicating some financial inefficiencies.
• Goldbank Mining primarily focuses on exploring gold deposits through projects in the Yukon Territory, holding 100% interest in notable claims like the Leota gold project.

Goldbank Mining Co. (CVE:GLB - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$0.46 and last traded at C$0.46, with a volume of 6005 shares. The stock had previously closed at C$0.44.

Goldbank Mining Price Performance

The firm's 50 day moving average price is C$0.35 and its 200-day moving average price is C$0.28. The stock has a market cap of C$64.91 million, a P/E ratio of -19.00 and a beta of 0.47.

Goldbank Mining Company Profile

Goldbank Mining Corporation engages in the exploration and development of mineral properties. The company primarily explores for gold deposits. It holds a 100% interest in the Leota gold project, a block of hard rock mining claims of gold properties located in the Klondike region of the Yukon Territory, Canada; and the Hasenfuss Quartz mineral claims situated in the Klondike region.