Globex Mining Enterprises (TSE:GMX) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Posted by Patrick Bannon on Feb 4th, 2026

Globex Mining Enterprises Inc. (TSE:GMX – Get Free Report)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$2.01 and traded as high as C$2.56. Globex Mining Enterprises shares last traded at C$2.53, with a volume of 40,686 shares changing hands.

Globex Mining Enterprises Stock Up 6.3%

The stock has a market capitalization of C$142.66 million, a PE ratio of 28.11 and a beta of 1.40. The stock’s 50 day moving average price is C$2.01 and its 200-day moving average price is C$1.71.

Globex Mining Enterprises (TSE:GMX – Get Free Report) last announced its quarterly earnings results on Thursday, November 13th. The company reported C$0.08 earnings per share (EPS) for the quarter. Globex Mining Enterprises had a return on equity of 14.02% and a net margin of 108.26%.The firm had revenue of C$0.45 million during the quarter.

Insider Activity

In related news, insider Carmelo Marrelli sold 6,600 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of C$9.30, for a total transaction of C$61,380.00. Following the sale, the insider owned 41,100 shares of the company’s stock, valued at C$382,230. This trade represents a 13.84% decrease in their ownership of the stock. In the last quarter, insiders sold 11,100 shares of company stock valued at $103,280. Company insiders own 13.44% of the company’s stock.

Globex Mining Enterprises Company Profile

(Get Free Report)

Globex Mining Enterprises Inc is a Canada based exploration company. The company is engaged in the acquisition, development, and exploration of mineral properties in North America. The company’s mineral portfolio consists of early to mid-stage exploration, development and royalty properties which contain Base Metals, Specialty Metals and Minerals and Industrial Minerals.