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Grupo Mexico (OTCMKTS:GMBXF) Sees Strong Trading Volume - Here's Why

Grupo Mexico logo with Multi-Sector Conglomerates background

Key Points

  • Grupo Mexico shares experienced a 15% increase in trading volume, totaling approximately 24,756 shares on Tuesday, while the stock closed at $6.40.
  • Morgan Stanley upgraded Grupo Mexico to an "overweight" rating, indicating positive future expectations from analysts.
  • Despite the uptick in trading activity, Grupo Mexico's stock is down 0.2% from its previous close of $6.45.
  • Five stocks we like better than Grupo Mexico.

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 24,756 shares changed hands during mid-day trading, an increase of 15% from the previous session's volume of 21,570 shares.The stock last traded at $6.40 and had previously closed at $6.45.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upgraded Grupo Mexico to an "overweight" rating in a research report on Tuesday, July 15th.

Read Our Latest Report on GMBXF

Grupo Mexico Trading Down 4.6%

The firm has a 50-day moving average of $5.87 and a two-hundred day moving average of $5.35.

About Grupo Mexico

(Get Free Report)

Grupo México, SAB. de C.V. engages in copper production, cargo transportation, and infrastructure businesses worldwide. The company operates through Mining, Transportation, and Infrastructure divisions. The Mining division explores for copper, silver, molybdenum, zinc, sulfuric acid, gold, and selenium.

Further Reading

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