Grupo Mexico (OTCMKTS:GMBXF) Shares Gap Up - Here's What Happened

Key Points

• Grupo Mexico's share price gapped up from $7.01 to $7.28 prior to trading on Friday, with a trading volume of 1,075 shares.
• Morgan Stanley upgraded Grupo Mexico to an "overweight" rating, contributing to an overall average rating of "Moderate Buy" from analysts.
• The company operates in copper production, cargo transportation, and infrastructure, with significant involvement in various mining resources.

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $7.01, but opened at $7.28. Grupo Mexico shares last traded at $7.28, with a volume of 1,075 shares traded.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised Grupo Mexico to an "overweight" rating in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

Grupo Mexico Stock Down 2.4%

The business has a fifty day moving average of $6.59 and a 200 day moving average of $5.75.

Grupo Mexico Company Profile

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.