Shares of Global Energy Metals (CVE:GEMC) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 126000 shares. The stock had previously closed at C$0.03.
Separately, Fundamental Research decreased their price target on Global Energy Metals from C$0.24 to C$0.17 and set a “buy” rating for the company in a research note on Wednesday, June 12th.
The firm has a fifty day simple moving average of C$0.03 and a 200 day simple moving average of C$0.05. The company has a market capitalization of $2.11 million and a PE ratio of -1.92. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.45 and a current ratio of 0.84.
Global Energy Metals Corporation invests, explores, and evaluates for resource properties in Canada and Australia. The company explores for cobalt, copper, and base metal deposits. It holds interests in the Werner Lake property located in northwestern Ontario. Global Energy Metals Corporation was incorporated in 2015 and is headquartered in Vancouver, Canada.
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