Grupo Mexico (OTCMKTS:GMBXF) Shares Up 5.2% – Should You Buy?

Shares of Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) traded up 5.2% during trading on Monday . The stock traded as high as $12.13 and last traded at $12.13. 8,035 shares were traded during mid-day trading, a decline of 84% from the average session volume of 50,680 shares. The stock had previously closed at $11.5304.

Grupo Mexico Stock Performance

The business’s 50-day moving average is $10.91 and its 200 day moving average is $9.00.

About Grupo Mexico

Grupo México is a diversified Mexican industrial conglomerate with principal operations in mining, transportation and infrastructure. The company’s core business is the extraction and processing of base and precious metals, while complementary divisions provide freight rail and logistics services across Mexico. Grupo México operates as a vertically integrated enterprise that combines mineral production with the transport and logistics capabilities needed to move bulk commodities to market.

In mining, Grupo México is best known as the parent of Southern Copper Corporation and as one of the world’s larger copper producers.