Pink Sheets: Globex Mining Enterprises Inc (GLBXF) financial news, and detailed stock charts
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Globex Mining Enterprises Inc (GLBXF/GLBXF.PK) Penny Stock Summary:
Globex Mining Enterprises, Inc. engages in the exploration and development of mineral resource properties in North America. It primarily explores for gold, copper, zinc, silver, platinum, palladium, uranium, magnesium, and talc potential. The company has various properties under active option, which include Ascot, Grand Calumet, Hebecourt, Malartic, Rousseau, and Vauquelin projects. It also has royalty interests in various properties comprising Cariboo, Clericy and Aiguebelle, Dasserat, Des Meloizes, Duverny (Fontana), Duverny (Standard Gold), Halifax, Hebecourt, Malartic and Fournier, Pacaud, Tennessee zinc, and Wemindji. The company was founded in 1949 as Lyndhurst Mining Co., Ltd. and cha...GLOBEX MINING ENTERPRISES (GLBXF:Pink OTC Markets Inc - International Prime QX)
Snapshot of GLOBEX MINING ENTERPRISES (GLBXF)
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OPEN
$1.63
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PREVIOUS CLOSE
$1.63
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DAY HIGH
$1.63
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DAY LOW
$1.63
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52 WEEK HIGH
10/26/09 - $1.85
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52 WEEK LOW
04/24/09 - $0.68
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MARKET CAP
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AVERAGE VOLUME 10 D
50.0
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EPS TTM
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SHARES OUTSTANDING
0.0
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GLBXF Does Not Pay Dividends
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P/E TTM
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Key developments for GLOBEX MINING ENTERPRISES (GLBXF)
Globex Mining Enterprises Inc. announced that it has increased its ownership in its Timmins talc-magnesite project from 75% to 90 %. Under the previous agreement, Globex was to complete $1.5 million in expenditures related to the property including diamond drilling, metallurgical test work, etc. after which Drinkard Metalox Inc. (DMI) was to carry the project to a bankable feasibility study. Globex has met its $1.5 million expenditure requirement and has renegotiated the agreement such that Globex will fund 100% of costs up to the point at which the Timmins talc-magnesite project will be spun off into a separate publicly traded vehicle. All terms of the contract that could have caused Globex to have its interest in the project reduced by not achieving commercial production in a specific time period have been cancelled thereby fixing Globex's interest in the project.
Globex Mining Enterprises Inc. received assays from five surface samples taken on Coconut Club showing discovered east of Kipawa, Quebex on Globex's +20,000 ha, 100% owned Hunters Point uranium, gold, rare earth property. Previous analysis of the samples showed that many of the assays were extremely anomalous and beyond the analytical capability of the method used: It could only measure up to 10,000 ppm or 1% on many of the rare earth elements. The following are the assays as reported by Activation Laboratories of Ancaster, Ontario. The Coconut Club showing is located within a 2.5 km long radiometric anomaly.
Globex Mining Enterprises Inc. provided update regarding Rocmec I (Russian Kid) gold mine located in Dasserat Township, Quebec where Globex retains a significant Gross Metal Royalty (GMR). The company reported Rocmec I (Russian Kid) gold mine property overview. The best drill intersections in the indicated structures are: Front West - 67.87 g/t Au over 1.44 metres; McDowell - 74.65 g/t Au over 2.34 metres; Talus - 37.02 g/t Au over 1.22 metres; Shaft - 18.15 g/t Au over 1.53 metres; Boucher - 20.06 g/t Au over 1.45 metres; Boucher 2 - 27.91 g/t Au over 1.77 metres.
Globex Mining Enterprises Inc financial resources
GLBXF Competitors
| Company | Last | Change | |
| No competitor information is available for GLBXF. | |||
| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | GLBXF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 93.4x |
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| Price/Book | 2.4x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 84.2x |
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GLBXF |
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GLBXF transactions
| Type Date |
Target |
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Merger/Acquisition
January 20, 2010 |
189 Claims in Lunenburg County, Nova Scotia |
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Merger/Acquisition
October 27, 2009 |
Raymor A Gold Zone |
Pink Sheets: Archieved Financial News About Globex Mining Enterprises Inc
Globex's NI 43-101 Report on Talc-Magnesite Deposit Confirms Positive Outlook for Property
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Globex Mining Enterprises Inc.: High Grade Gold Values-Lake Colnet Property, Quebec
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Gold Results Reported From Globex Royalty Property by Rocmec at Russian Kid (Rocmec 1) Mine, Quebec
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Globex Options Stake in Duquesne West Gold Property
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Globex's NI 43-101 Report on Talc-Magnesite Deposit Confirms Positive Outlook for Property
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Globex Options Stake in Duquesne West Gold Property
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Globex Mining Enterprises Inc.: High Grade Gold Values-Lake Colnet Property, Quebec
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Gold Results Reported From Globex Royalty Property by Rocmec at Russian Kid (Rocmec 1) Mine, Quebec
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Globex's Nordeau Royalty Property Significant Gold Intersections
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