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Globex Mining Enterprises (TSE:GMX) Stock Price Passes Above 50 Day Moving Average - Should You Sell?

Globex Mining Enterprises logo with Basic Materials background

Globex Mining Enterprises Inc. (TSE:GMX - Get Free Report) shares passed 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 Price Performance

The stock has a market cap of C$65.03 million, a price-to-earnings ratio of 29.00 and a beta of 1.20. The company's 50 day moving average is C$1.09 and its 200 day moving average 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 related news, Director Chris Bryan sold 30,500 shares of the 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. Over the last three months, insiders sold 43,900 shares of company stock valued at $44,468. Corporate insiders own 13.44% of the company's stock.

Globex Mining Enterprises Company Profile

(Get Free Report)

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.

Further Reading

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