Orex Minerals (CVE:REX) Shares Up 13.6% – Time to Buy?

Orex Minerals Inc. (CVE:REX) shares were up 13.6% during mid-day trading on Thursday . The company traded as high as C$0.26 and last traded at C$0.25. Approximately 544,335 shares were traded during trading, an increase of 90% from the average daily volume of 286,057 shares. The stock had previously closed at C$0.22.

Orex Minerals Trading Up 13.6%

The firm has a 50-day simple moving average of C$0.24 and a two-hundred day simple moving average of C$0.21. The company has a market capitalization of C$9.06 million, a price-to-earnings ratio of -2.78 and a beta of 1.27.

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.