Goldbank Mining (CVE:GLB) Sets New 12-Month High - Time to Buy?

Key Points

• Goldbank Mining Co. shares reached a new 52-week high of C$0.40 amid increased trading volume, showing a significant rise from its previous close of C$0.33.
• The company has a market capitalization of C$68.33 million and a P/E ratio of -20.00, indicating an absence of earnings relative to its share price.
• Goldbank Mining focuses on gold exploration and holds 100% interest in the Leota gold project and the Hasenfuss Quartz mineral claims located in the Yukon Territory, Canada.

Goldbank Mining Co. (CVE:GLB - ) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$0.40 and last traded at C$0.40, with a volume of 63012 shares changing hands. The stock had previously closed at C$0.33.

Goldbank Mining Trading Up 21.2%

The company's 50-day moving average price is C$0.31 and its two-hundred day moving average price is C$0.25. The company has a market cap of C$68.33 million, a P/E ratio of -20.00 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.

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