Globex Mining Enterprises (TSE:GMX) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Globex Mining Enterprises Inc. (TSE:GMX)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$1.43 and traded as low as C$1.25. Globex Mining Enterprises shares last traded at C$1.25, with a volume of 81,500 shares.

Globex Mining Enterprises Trading Down 1.6 %

The stock has a 50 day simple moving average of C$1.43 and a 200-day simple moving average of C$1.29. The firm has a market cap of C$69.20 million, a P/E ratio of 15.13 and a beta of 1.20.

Globex Mining Enterprises Company Profile

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.