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Globex Mining Enterprises (TSE:GMX) Stock Passes Below 50 Day Moving Average - What's Next?

Globex Mining Enterprises logo with Basic Materials background

Key Points

  • Globex Mining Enterprises shares have crossed below their 50-day moving average of C$1.35, trading as low as C$1.32.
  • The company has a market capitalization of C$74.74 million and a price-to-earnings ratio of 16.34.
  • Globex Mining is focused on the exploration and development of mineral properties across North America.
  • Looking to export and analyze Globex Mining Enterprises data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Globex Mining Enterprises Inc. (TSE:GMX - Get Free Report) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$1.35 and traded as low as C$1.32. Globex Mining Enterprises shares last traded at C$1.35, with a volume of 8,500 shares trading hands.

Globex Mining Enterprises Price Performance

The stock has a fifty day moving average price of C$1.34 and a two-hundred day moving average price of C$1.39. The company has a market cap of C$72.52 million, a P/E ratio of 15.86 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.

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