Orex Minerals (CVE:REX) Trading 11.4% Higher – Still a Buy?

Orex Minerals Inc. (CVE:REX) shot up 11.4% during trading on Thursday . The stock traded as high as C$0.26 and last traded at C$0.25. 418,835 shares were traded 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$8.69 million, a P/E ratio of -2.67 and a beta of 1.27. The firm’s fifty day moving average price is C$0.24 and its 200-day moving average price 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.