Globex Mining Enterprises (TSE:GMX) Stock Passes Below 50-Day Moving Average of $0.80

Globex Mining Enterprises Inc. (TSE:GMXGet Rating)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.80 and traded as low as C$0.72. Globex Mining Enterprises shares last traded at C$0.74, with a volume of 48,500 shares.

Globex Mining Enterprises Stock Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 119.76 and a current ratio of 120.19. The company has a market cap of C$41.18 million, a P/E ratio of -37.00 and a beta of 1.21. The firm has a 50 day moving average price of C$0.80 and a 200-day moving average price of C$0.74.

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. It has a mineral portfolio of approximately 204 early to mid-stage exploration, development, and royalty properties containing base metals, including copper, nickel, zinc, and lead; precious metals, such as gold, silver, platinum, and palladium; specialty metals and minerals comprising manganese, vanadium, titanium oxide, iron, molybdenum, lithium, cobalt, scandium, and antimony, as well as rare earths and associated elements; and industrial minerals consisting of mica, silica, potassic feldspar, pyrophyllite, kaolin, talc, and magnesite.

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