TSE:GMX

0.87
0.02 (2.35%) 1d
0

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BUY

It is not a mining company, but a project generator. The CEO has done this for 25 years. He then sells off projects to companies that try to turn them into mines. He gets stock and a royalty in exchange. He has about a 160 properties. Some day the CEO will want to sell the company to retire.

Mining
COMMENT

Thinks we are going to have a mining market. It is time for a new super cycle, which makes sense, because we get one about every 10 years. This is an interesting stock in that it is not a mining company, it is a “project generator” which acquires properties, does a little bit of work on them, and then looks for a promoter or entrepreneur for a Shell to put them into. They take a little bit of risk to get the properties, and then put them out to promoters and entrepreneurs. This might be the cheapest mining stock in the world, because the market cap is so small. If you want exposure to junior mining with less risk, this is an interesting idea.

Mining
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Globex Mining Enterprises Inc(GMX-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Globex Mining Enterprises Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Globex Mining Enterprises Inc(GMX-T) Frequently Asked Questions

What is Globex Mining Enterprises Inc stock symbol?

Globex Mining Enterprises Inc is a Canadian stock, trading under the symbol GMX-T on the Toronto Stock Exchange (GMX-CT). It is usually referred to as TSX:GMX or GMX-T

Is Globex Mining Enterprises Inc a buy or a sell?

In the last year, there was no coverage of Globex Mining Enterprises Inc published on Stockchase.

Is Globex Mining Enterprises Inc a good investment or a top pick?

Globex Mining Enterprises Inc was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Globex Mining Enterprises Inc.

Why is Globex Mining Enterprises Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Globex Mining Enterprises Inc worth watching?

In the last year, there was no coverage of Globex Mining Enterprises Inc published on Stockchase.

What is Globex Mining Enterprises Inc stock price?

On 2024-03-28, Globex Mining Enterprises Inc (GMX-T) stock closed at a price of $0.87.