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Globex Mining Enterprises (TSE:GMX) Stock Passes Below 50 Day Moving Average - Here's Why

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.
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Globex Mining Enterprises Inc. (TSE:GMX - Get Free Report) passed 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 trading hands.

Globex Mining Enterprises Stock Performance

The business's fifty day moving average price is C$1.36 and its 200-day moving average price is C$1.40. The stock has a market cap of C$74.74 million, a PE ratio of 16.34 and a beta of 1.20.

Globex Mining Enterprises Company Profile

(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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