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Globex Mining Enterprises (TSE:GMX) Shares Cross Below 50 Day Moving Average - Time to Sell?

Globex Mining Enterprises logo with Basic Materials background

Key Points

  • Globex Mining Enterprises' shares fell below their 50-day moving average of C$1.37, trading at C$1.33 with a volume of 6,600 shares.
  • The company's current market capitalization is C$73.63 million and it has a P/E ratio of 16.10.
  • Globex Mining focuses on the acquisition, development, and exploration of mineral properties in North America, with a diverse mineral portfolio.
  • Five stocks to consider instead of Globex Mining Enterprises.

Globex Mining Enterprises Inc. (TSE:GMX - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$1.37 and traded as low as C$1.33. Globex Mining Enterprises shares last traded at C$1.33, with a volume of 6,600 shares traded.

Globex Mining Enterprises Price Performance

The firm has a market cap of C$73.63 million, a price-to-earnings ratio of 16.10 and a beta of 1.20. The company has a fifty day moving average price of C$1.37 and a two-hundred day moving average price of C$1.40.

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.

Further Reading

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