Free Trial

Globex Mining Enterprises (TSE:GMX) Share Price Crosses Below 50-Day Moving Average - Here's Why

Globex Mining Enterprises logo with Basic Materials background

Shares of Globex Mining Enterprises Inc. (TSE:GMX - Get Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$1.37 and traded as low as C$1.36. Globex Mining Enterprises shares last traded at C$1.38, with a volume of 7,100 shares changing hands.

Globex Mining Enterprises Price Performance

The company's 50-day simple moving average is C$1.37 and its two-hundred day simple moving average is C$1.38. The firm has a market capitalization of C$76.40 million, a P/E ratio of 16.70 and a beta of 1.20.

About Globex Mining Enterprises

(Get Free Report)

Globex Mining Enterprises Inc is a Canada based exploration company. The company is engaged in the acquisition, development, and exploration of mineral properties in North America. The company's mineral portfolio consists of early to mid-stage exploration, development and royalty properties which contain Base Metals, Specialty Metals and Minerals and Industrial Minerals.

Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Globex Mining Enterprises Right Now?

Before you consider Globex Mining Enterprises, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Globex Mining Enterprises wasn't on the list.

While Globex Mining Enterprises currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginner's Guide To Retirement Stocks Cover

Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Rising Stocks You’ll Want on Your Watchlist
Trillions in Defense Spending—3 Disruptive Stocks Set to Double
The Next Palantir? AI-Defense Stock Set for Explosive Growth

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines