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Globex Mining Enterprises (TSE:GMX) Stock Crosses Below 50-Day Moving Average - Here's What Happened

Globex Mining Enterprises logo with Basic Materials background

Globex Mining Enterprises Inc. (TSE:GMX - Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$1.37 and traded as low as C$1.37. Globex Mining Enterprises shares last traded at C$1.38, with a volume of 13,321 shares.

Globex Mining Enterprises Trading Down 0.7%

The business's 50 day moving average price is C$1.37 and its 200-day moving average price is C$1.34. The company has a market cap of C$76.95 million, a price-to-earnings ratio of 16.82 and a beta of 1.20.

Globex Mining Enterprises Company Profile

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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.

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