Hexagon Resources (ASX:HXG) Trading Down 7.1%

Hexagon Resources Ltd (ASX:HXG) fell 7.1% during trading on Wednesday . The company traded as low as A$0.06 ($0.04) and last traded at A$0.07 ($0.05), 2,420,656 shares were traded during mid-day trading. An increase of 185% from the average session volume of 848,177 shares. The stock had previously closed at A$0.07 ($0.05).

The stock has a 50-day moving average of A$0.09 and a 200 day moving average of A$0.12. The stock has a market cap of $18.97 million and a PE ratio of -7.22.

Hexagon Resources Company Profile (ASX:HXG)

Hexagon Resources Limited explores for and develops mineral properties in Western Australia. The company explores for graphite, gold, and base metal sulphide deposits. It primarily focuses on the development of McIntosh flake graphite project located in the East Kimberley, Western Australia. The company was formerly known as Lamboo Resources Limited and changed its name to Hexagon Resources Limited in December 2015.

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