Globex Mining Enterprises (TSE:GMX) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Globex Mining Enterprises Inc. (TSE:GMXGet Free Report) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$1.77 and traded as low as C$1.70. Globex Mining Enterprises shares last traded at C$1.70, with a volume of 20,850 shares.

Globex Mining Enterprises Stock Down 2.9%

The firm has a market cap of C$95.59 million, a price-to-earnings ratio of 18.89 and a beta of 1.34. The firm has a 50 day moving average of C$1.77 and a 200 day moving average of C$1.52.

Globex Mining Enterprises (TSE:GMXGet Free Report) last announced its quarterly earnings results on Thursday, November 13th. The company reported C$0.08 earnings per share for the quarter. The business had revenue of C$0.45 million for the quarter. Globex Mining Enterprises had a net margin of 108.26% and a return on equity of 14.02%.

About Globex Mining Enterprises

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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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