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Globex Mining Enterprises (TSE:GMX) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Globex Mining Enterprises logo with Basic Materials background

Globex Mining Enterprises Inc. (TSE:GMX - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$1.07 and traded as high as C$1.50. Globex Mining Enterprises shares last traded at C$1.49, with a volume of 18,962 shares.

Globex Mining Enterprises Stock Down 2.6 %

The company has a market cap of C$83.04 million, a price-to-earnings ratio of 18.16 and a beta of 1.20. The company's fifty day moving average price is C$1.30 and its two-hundred day moving average price is C$1.08.

About Globex Mining Enterprises

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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.

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