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

Grupo México, S.A.B. de C.V. (OTCMKTS:GMBXFGet Free Report) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 traded.

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on Grupo México

Grupo México Stock Down 2.0 %

The company’s 50 day moving average is $5.08 and its 200-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.

Further Reading

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