Globex Mining Enterprises (TSE:GMX) Shares Pass Above 200 Day Moving Average – Here’s Why

Globex Mining Enterprises Inc. (TSE:GMX)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.

Globex Mining Enterprises Price Performance

The company has a quick ratio of 119.76, a current ratio of 128.91 and a debt-to-equity ratio of 1.25. The stock’s 50-day moving average price is C$1.28 and its 200 day moving average price is C$1.07. The firm has a market cap of C$83.53 million, a price-to-earnings ratio of 37.25 and a beta of 1.20.

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.