Globex Mining Enterprises (TSE:GMX) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Shares of Globex Mining Enterprises Inc. (TSE:GMXGet Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 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 traded.

Globex Mining Enterprises Trading Down 1.7%

The stock has a market cap of C$95.03 million, a price-to-earnings ratio of 169.00 and a beta of 1.33. The firm has a fifty day simple moving average of C$1.67 and a 200-day simple moving average of C$1.47.

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

About Globex Mining Enterprises

(Get Free Report)

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.

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