Grupo Mexico (OTCMKTS:GMBXF) Shares Pass Below 200-Day Moving Average of $2.54
Grupo Mexico S.A. de C.V. (OTCMKTS:GMBXF)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.54 and traded as low as $2.55. Grupo Mexico shares last traded at $2.55, with a volume of 400 shares changing hands.
Separately, JPMorgan Chase & Co. raised shares of Grupo Mexico from a “neutral” rating to an “overweight” rating in a research note on Wednesday, August 21st.
The company’s 50-day simple moving average is $2.24 and its two-hundred day simple moving average is $2.54.
Grupo México, SAB. de C.V. engages in copper production, rail transportation, and infrastructure businesses worldwide. The company operates through Mining, transportation, and Infrastructure divisions. The Mining division explores for, exploits, and obtains minerals, metals, and other byproducts, including copper, silver, molybdenum, zinc, sulfuric acid, gold, and selenium.
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