Orex Minerals (CVE:REX) Shares Up 11.4% – What’s Next?
by Scott Moore · The Cerbat GemOrex Minerals Inc. (CVE:REX – Get Free Report)’s stock price traded up 11.4% on Thursday . The stock traded as high as C$0.26 and last traded at C$0.25. 418,835 shares traded hands during mid-day trading, an increase of 49% from the average session volume of 280,357 shares. The stock had previously closed at C$0.22.
Orex Minerals Price Performance
The firm has a market capitalization of C$9.42 million, a price-to-earnings ratio of -2.89 and a beta of 1.27. The business’s fifty day simple moving average is C$0.24 and its 200 day simple moving average is C$0.21.
About Orex Minerals
Orex Minerals Inc, a mineral exploration company, engages in the acquisition and exploration of mineral properties in Mexico and Canada. It owns interests in the Coneto silver-gold project that covers an area of 16,346 hectares of mineral concessions located in the Mesa Central on the eastern flank of the Sierra Madre Occidental Mountains; the Sandra Escobar silver-gold project situated to the north of the town of Tepehuanes, Durango; and the Jumping Josephine gold project totalling 11,200 hectares located in the West Kootenay region of Southeastern The company also explores for lead and zinc.