Globex Mining Enterprises (TSE:GMX) Stock Price Passes Below 50-Day Moving Average of $0.99

Globex Mining Enterprises Inc. (TSE:GMX) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.99 and traded as low as C$0.94. Globex Mining Enterprises shares last traded at C$0.96, with a volume of 61,700 shares changing hands.

Globex Mining Enterprises Stock Performance

The stock has a market capitalization of C$52.99 million, a PE ratio of 49.00 and a beta of 1.30. The firm’s fifty day moving average is C$0.99 and its 200-day moving average is C$0.91. The company has a current ratio of 165.30, a quick ratio of 119.76 and a debt-to-equity ratio of 0.30.

Insider Activity at Globex Mining Enterprises

In related news, Director Ian Atkinson sold 29,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of C$1.00, for a total value of C$29,000.00. In other Globex Mining Enterprises news, Director Chris Bryan sold 47,000 shares of Globex Mining Enterprises stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of C$1.02, for a total value of C$47,940.00. Also, Director Ian Atkinson sold 29,000 shares of Globex Mining Enterprises stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of C$1.00, for a total value of C$29,000.00. In the last ninety days, insiders have sold 134,100 shares of company stock worth $132,860. Company insiders own 12.55% of the company’s stock.

Globex Mining Enterprises Company Profile

Globex Mining Enterprises Inc engages in the acquisition, exploration, and development of mineral properties in North America. It has a mineral portfolio of approximately 220 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.