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Globex Mining Enterprises (TSE:GMX) Shares Pass Below Fifty Day Moving Average - Here's What Happened

Globex Mining Enterprises logo with Basic Materials background

Key Points

  • Globex Mining Enterprises' share price fell below its 50-day moving average of C$1.34 during trading on Wednesday, currently trading at C$1.35.
  • The company has a market capitalization of C$74.74 million and a P/E ratio of 16.34, indicating its performance in the market.
  • Globex Mining Enterprises is engaged in the acquisition, development, and exploration of mineral properties in North America, focusing on various metals and minerals.
  • Five stocks to consider instead of Globex Mining Enterprises.

Shares of Globex Mining Enterprises Inc. (TSE:GMX - Get Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$1.34 and traded as low as C$1.34. Globex Mining Enterprises shares last traded at C$1.35, with a volume of 6,500 shares.

Globex Mining Enterprises Stock Performance

The firm has a fifty day simple moving average of C$1.34 and a 200-day simple moving average of C$1.39. The company has a market capitalization of C$77.41 million, a PE ratio of 138.00 and a beta of 1.26.

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.

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