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

Globex Mining Enterprises Inc. (TSE:GMX) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$1.08 and traded as high as C$1.17. Globex Mining Enterprises shares last traded at C$1.16, with a volume of 2,005 shares trading hands.

Globex Mining Enterprises Trading Down 0.9 %

The firm has a market capitalization of C$65.03 million, a P/E ratio of 29.00 and a beta of 1.20. The company has a quick ratio of 119.76, a current ratio of 128.91 and a debt-to-equity ratio of 1.25. The firm has a 50 day moving average of C$1.08 and a 200-day moving average of C$0.97.

Insider Activity

In other Globex Mining Enterprises news, Director Chris Bryan sold 30,500 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of C$1.00, for a total value of C$30,500.00. In the last three months, insiders sold 43,900 shares of company stock worth $44,468. 13.44% of the stock is currently owned by company insiders.

About Globex Mining Enterprises

Globex Mining Enterprises Inc engages in the acquisition, exploration, and development of mineral properties in North America. The company has a mineral portfolio of approximately 232 early to mid-stage exploration, development, and royalty properties containing base metals, including copper, nickel, zinc, and lead; and precious metals, such as gold, silver, platinum, and palladium.