Globex Mining Enterprises (TSE:GMX) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Globex Mining Enterprises Inc. (TSE:GMX) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$1.67 and traded as high as C$1.74. Globex Mining Enterprises shares last traded at C$1.69, with a volume of 12,050 shares changing hands.

Globex Mining Enterprises Stock Down 1.7%

The firm has a market capitalization of C$95.03 million, a price-to-earnings ratio of 169.00 and a beta of 1.33. The company’s fifty day moving average is C$1.67 and its two-hundred day moving average is C$1.47.

Globex Mining Enterprises (TSE:GMX) last issued its earnings results on Thursday, November 13th. The company reported C$0.08 EPS for the quarter. The company had revenue of C$0.45 million during the quarter. Globex Mining Enterprises had a net margin of 108.26% and a return on equity of 14.02%.

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.