Apex Resources (CVE:APX) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Shares of Apex Resources Inc. (CVE:APXGet Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.05 and traded as low as C$0.05. Apex Resources shares last traded at C$0.05, with a volume of 41,000 shares changing hands.

Apex Resources Stock Performance

The company has a market cap of C$4.16 million, a PE ratio of -6.00 and a beta of -0.80. The business’s 50-day moving average is C$0.05 and its 200 day moving average is C$0.06. The company has a debt-to-equity ratio of 3.50, a quick ratio of 1.30 and a current ratio of 1.04.

About Apex Resources

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Apex Resources Inc, an exploration stage company, engages in the exploration and evaluation of mineral properties in Canada. The company primarily explores for gold, copper, lead, zinc, molybdenum, and tungsten deposits. It holds a 100% interest in the Jersey Emerald Tungsten-Lead-Zinc property consisting of 28 crown granted mineral claims, four 2-post claims, and 80 mineral units located in southeastern British Columbia; and the Ore Hill property covering an area of 2,000 hectares located in southern British Columbia.

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