Orex Minerals (CVE:REX) Shares Up 30% – Still a Buy?

Orex Minerals Inc. (CVE:REXGet Free Report) rose 30% during mid-day trading on Monday . The company traded as high as C$0.50 and last traded at C$0.33. Approximately 846,329 shares traded hands during trading, an increase of 779% from the average daily volume of 96,331 shares. The stock had previously closed at C$0.25.

Orex Minerals Price Performance

The business has a fifty day moving average of C$0.20 and a 200-day moving average of C$0.19. The stock has a market capitalization of C$10.50 million, a price-to-earnings ratio of -2.42 and a beta of 1.42.

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.

Further Reading

Receive News & Ratings for Orex Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orex Minerals and related companies with MarketBeat.com's FREE daily email newsletter.