NGEx Minerals (OTCMKTS:NGXXF) Stock Jumps 1% – Time to Buy?

Shares of NGEx Minerals Ltd. (OTCMKTS:NGXXF) traded up 1% on Thursday. The stock traded as high as C$15.68 and last traded at C$15.66. Approximately 26,762 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 43,975 shares. The stock had previously closed at C$15.51.

Wall Street Analyst Weigh In

Separately, TD Securities began coverage on shares of NGEx Minerals in a report on Thursday, July 23rd. They set a “buy” rating for the company. Three investment analysts have rated the stock with a Buy rating. According to MarketBeat, the company has a consensus rating of “Buy”.

NGEx Minerals Price Performance

The firm has a 50 day simple moving average of C$16.99 and a 200-day simple moving average of C$18.89.

NGEx Minerals Company Profile

NGEx Minerals Ltd. is a Canadian mineral exploration company focused on finding copper- and gold-rich deposits in South America. The company explores for copper, gold and silver and is not a mining producer.

Its principal projects include the Lunahuasi copper-gold-silver project in Argentina’s San Juan Province and the Los Helados copper-gold-silver project in Chile. Both are in the Andean region near the Argentina–Chile border, an area known as the Vicuña district.

NGEx’s work centers on exploration, including drilling and geological studies, to assess the size and potential of its mineral deposits.