Orex Minerals (CVE:REX) Trading 13.5% Higher – Time to Buy?

by · The Cerbat Gem

Orex Minerals Inc. (CVE:REX – Get Free Report)’s share price was up 13.5% on Monday . The stock traded as high as C$0.22 and last traded at C$0.21. Approximately 155,296 shares changed hands during trading, an increase of 112% from the average daily volume of 73,183 shares. The stock had previously closed at C$0.19.

Orex Minerals Price Performance

The business’s 50-day moving average price is C$0.19 and its two-hundred day moving average price is C$0.18. The firm has a market cap of C$8.15 million, a price-to-earnings ratio of -1.88 and a beta of 1.71.

About Orex Minerals

(Get Free Report)

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.

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