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

Key Points

• Globex Mining Enterprises Inc. (TSE:GMX) saw its stock price rise above its 50-day moving average, reaching a high of C$1.49 during trading on Friday.
• The company's shares closed at C$1.48 with a trading volume of 61,948 shares, reflecting a daily increase of 4.2%.
• Globex Mining has a market capitalization of C$83.02 million and specializes in the acquisition and exploration of mineral properties in North America.

Globex Mining Enterprises Inc. (TSE:GMX - ) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$1.34 and traded as high as C$1.49. Globex Mining Enterprises shares last traded at C$1.48, with a volume of 61,948 shares changing hands.

Globex Mining Enterprises Stock Up 4.2%

The company has a market cap of C$83.02 million, a PE ratio of 148.00 and a beta of 1.18. The firm's fifty day simple moving average is C$1.34 and its 200-day simple moving average is C$1.38.

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.

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