Globex Mining Enterprises (TSE:GMX) Stock Price Down 7.7% - Should You Sell?

Key Points

• Globex Mining Enterprises Inc. shares fell by 7.7% on Tuesday, trading as low as C$1.79 and closing at C$1.80.
• The company experienced a surge in trading volume, with approximately 91,579 shares changing hands, marking a 142% increase from its average daily volume.
• Globex Mining has a market capitalization of C$100.97 million and a high P/E ratio of 180.00, indicating potential concerns over its valuation.

Globex Mining Enterprises Inc. (TSE:GMX - ) shares were down 7.7% during trading on Tuesday . The company traded as low as C$1.79 and last traded at C$1.80. Approximately 91,579 shares changed hands during mid-day trading, an increase of 142% from the average daily volume of 37,784 shares. The stock had previously closed at C$1.95.

Globex Mining Enterprises Price Performance

The firm has a market cap of C$100.97 million, a P/E ratio of 180.00 and a beta of 1.13. The stock has a 50 day moving average of C$1.52 and a 200 day moving average of C$1.41.

About Globex Mining Enterprises

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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