Globex Mining Enterprises (TSE:GMX) Stock Price Down 1.8% – Here’s Why

Globex Mining Enterprises Inc. (TSE:GMX)’s share price was down 1.8% during trading on Tuesday . The stock traded as low as C$1.12 and last traded at C$1.12. Approximately 16,261 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 30,457 shares. The stock had previously closed at C$1.14.

Globex Mining Enterprises Trading Down 1.8 %

The company has a 50 day moving average price of C$1.05 and a 200 day moving average price of C$0.96. The company has a debt-to-equity ratio of 1.25, a quick ratio of 119.76 and a current ratio of 128.91. The firm has a market cap of C$62.79 million, a price-to-earnings ratio of 28.00 and a beta of 1.20.

Insider Buying and Selling at Globex Mining Enterprises

In related news, Director Chris Bryan sold 30,500 shares of Globex Mining Enterprises stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of C$1.00, for a total value of C$30,500.00. Insiders have sold 43,900 shares of company stock valued at $44,468 over the last 90 days. 13.44% of the stock is owned by insiders.

About Globex Mining Enterprises

Globex Mining Enterprises Inc engages in the acquisition, exploration, and development of mineral properties in North America. The company has a mineral portfolio of approximately 232 early to mid-stage exploration, development, and royalty properties containing base metals, including copper, nickel, zinc, and lead; and precious metals, such as gold, silver, platinum, and palladium.