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

Key Points

• Globex Mining Enterprises Inc. (TSE:GMX) has seen its shares cross above the 50-day moving average of C$1.34, reaching a high of C$1.43 during trading.
• The company's stock is currently trading at C$1.38, with a market capitalization of C$77.41 million and a P/E ratio of 138.00.
• Globex Mining is engaged in the exploration and development of mineral properties in North America, focusing on Base Metals, Specialty Metals, and Industrial Minerals.

Globex Mining Enterprises Inc. (TSE:GMX - Get Free Report)'s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$1.34 and traded as high as C$1.43. Globex Mining Enterprises shares last traded at C$1.38, with a volume of 83,598 shares changing hands.

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$1.38. The stock has a market cap of C$76.85 million, a price-to-earnings ratio of 137.00 and a beta of 1.18.

Globex Mining Enterprises Company Profile

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.