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

Key Points

• Globex Mining Enterprises Inc. (TSE:GMX) has fallen below its 50-day moving average of C$1.37, trading as low as C$1.34.
• The company's stock has a market cap of C$75.85 million and a P/E ratio of 16.58, indicating moderate valuation metrics.
• Globex Mining is focused on the acquisition, development, and exploration of mineral properties across North America, dealing primarily with Base and Specialty Metals.

Globex Mining Enterprises Inc. (TSE:GMX - Get Free Report)'s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$1.37 and traded as low as C$1.34. Globex Mining Enterprises shares last traded at C$1.37, with a volume of 100,025 shares traded.

Globex Mining Enterprises Stock Down 2.8%

The business's fifty day moving average is C$1.37 and its 200 day moving average is C$1.40. The firm has a market capitalization of C$75.85 million, a price-to-earnings ratio of 16.58 and a beta of 1.20.

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.