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

Globex Mining Enterprises Inc. (TSE:GMX) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-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 stock has a market capitalization of C$65.03 million, a P/E ratio of 29.00 and a beta of 1.20. The stock’s fifty day moving average price is C$1.09 and its 200 day moving average price is C$0.98. The company has a debt-to-equity ratio of 1.25, a current ratio of 128.91 and a quick ratio of 119.76.

Insider Buying and Selling at Globex Mining Enterprises

In other Globex Mining Enterprises news, Director Chris Bryan sold 30,500 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of C$1.00, for a total transaction of C$30,500.00. Insiders sold a total of 43,900 shares of company stock valued at $44,468 in the last three months. Company insiders own 13.44% of the company’s stock.

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.