ACIS BComm - Globex Mining Chief Officer
| GMX Stock | CAD 1.10 0.05 4.76% |
Insider
ACIS BComm is Chief Officer of Globex Mining Enterprises
| Age | 51 |
| Address | 89 Belsize Drive, Toronto, ON, Canada, M4S 1L3 |
| Phone | 819 797 5242 |
| Web | https://www.globexmining.com |
Globex Mining Management Efficiency
The company has return on total asset (ROA) of 0.0286 % which means that it generated a profit of $0.0286 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1499 %, meaning that it generated $0.1499 on every $100 dollars invested by stockholders. Globex Mining's management efficiency ratios could be used to measure how well Globex Mining manages its routine affairs as well as how well it operates its assets and liabilities. As of the 23rd of November 2024, Return On Tangible Assets is likely to grow to 0.04. Also, Return On Capital Employed is likely to grow to 0.04. At this time, Globex Mining's Total Assets are very stable compared to the past year. As of the 23rd of November 2024, Total Current Assets is likely to grow to about 29.7 M, while Non Current Assets Total are likely to drop about 3.9 M.Similar Executives
| Found 3 records | INSIDER Age | ||
| PEng MSc | Orezone Gold Corp | 65 | |
| Peter Tam | Orezone Gold Corp | N/A | |
| Vanessa Pickering | Orezone Gold Corp | N/A | |
Management Performance
| Return On Equity | 0.15 | ||||
| Return On Asset | 0.0286 |
Globex Mining Enterprises Leadership Team
Elected by the shareholders, the Globex Mining's board of directors comprises two types of representatives: Globex Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Globex. The board's role is to monitor Globex Mining's management team and ensure that shareholders' interests are well served. Globex Mining's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Globex Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Andrew Newbury, Corporate Secretary | ||
| AccDir BSc, CEO Pres | ||
| ACIS BComm, Chief Officer | ||
| Andrew CPA, Corporate Secretary |
Globex Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Globex Mining a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.15 | ||||
| Return On Asset | 0.0286 | ||||
| Profit Margin | 1.03 % | ||||
| Operating Margin | (2.92) % | ||||
| Current Valuation | 33.27 M | ||||
| Shares Outstanding | 56.07 M | ||||
| Shares Owned By Insiders | 13.21 % | ||||
| Number Of Shares Shorted | 7.64 K | ||||
| Price To Earning | 43.57 X | ||||
| Price To Book | 1.78 X |
Pair Trading with Globex Mining
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Globex Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Globex Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Globex Stock
| 0.79 | AG | First Majestic Silver | PairCorr |
| 0.88 | IE | Ivanhoe Energy | PairCorr |
| 0.9 | FDY | Faraday Copper Corp | PairCorr |
Moving against Globex Stock
The ability to find closely correlated positions to Globex Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Globex Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Globex Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Globex Mining Enterprises to buy it.
The correlation of Globex Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Globex Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Globex Mining Enterprises moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Globex Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Globex Stock
Globex Mining financial ratios help investors to determine whether Globex Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Globex with respect to the benefits of owning Globex Mining security.