Grupo México (OTCMKTS:GMBXF) Stock Crosses Below 200-Day Moving Average – Here’s Why

Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXFGet Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.17 and traded as low as $5.00. Grupo México shares last traded at $5.16, with a volume of 8,635 shares.

Analysts Set New Price Targets

Separately, Scotiabank upgraded Grupo México from a “strong sell” rating to a “hold” rating in a research report on Monday, March 10th.

Read Our Latest Research Report on Grupo México

Grupo México Stock Performance

The stock’s fifty day moving average is $5.09 and its two-hundred day moving average is $5.17.

About Grupo México

(Get Free Report)

Grupo México, SAB. de C.V. engages in copper production, cargo transportation, and infrastructure businesses worldwide. The company operates through Mining, Transportation, and Infrastructure divisions. The Mining division explores for copper, silver, molybdenum, zinc, sulfuric acid, gold, and selenium.

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