Globex Mining Enterprises (TSE:GMX) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

Shares of Globex Mining Enterprises Inc. (TSE:GMX) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$1.08 and traded as high as C$1.17. Globex Mining Enterprises shares last traded at C$1.16, with a volume of 2,005 shares changing hands.

Globex Mining Enterprises Price Performance

The company has a current ratio of 128.91, a quick ratio of 119.76 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of C$65.03 million, a price-to-earnings ratio of 29.00 and a beta of 1.20. The company’s 50 day moving average is C$1.08 and its 200-day moving average is C$0.97.

Insider Buying and Selling at Globex Mining Enterprises

In other Globex Mining Enterprises news, Director Chris Bryan sold 30,500 shares of Globex Mining Enterprises stock in a transaction on Thursday, October 17th. The shares were sold at an average price of C$1.00, for a total transaction of C$30,500.00. Insiders have sold 43,900 shares of company stock worth $44,468 over the last 90 days. Company insiders own 13.44% of the company’s stock.

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.