Globex Mining Enterprises (TSE:GMX) Stock Crosses Below 50 Day Moving Average of $0.90

Globex Mining Enterprises Inc. (TSE:GMX)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.90 and traded as low as C$0.84. Globex Mining Enterprises shares last traded at C$0.84, with a volume of 62,858 shares traded.

Globex Mining Enterprises Stock Down 1.2 %

The company has a debt-to-equity ratio of 1.25, a current ratio of 128.91 and a quick ratio of 119.76. The firm has a market capitalization of C$47.24 million, a P/E ratio of 21.00 and a beta of 1.21. The firm’s fifty day moving average price is C$0.90 and its 200-day moving average price is C$0.92.

Insiders Place Their Bets

In other news, insider Globex Mining Enterprises Inc. purchased 37,000 shares of the stock in a transaction dated Friday, August 9th. The shares were bought at an average cost of C$0.88 per share, for a total transaction of C$32,560.00. In related news, Director Chris Bryan sold 56,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of C$0.96, for a total value of C$54,240.00. Also, insider Globex Mining Enterprises Inc. bought 37,000 shares of Globex Mining Enterprises stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average price of C$0.88 per share, with a total value of C$32,560.00. Insiders sold 99,500 shares of company stock worth $95,950 over the last ninety days. Company insiders own 13.44% 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.