NGEx Minerals (OTC:NGXXF) Stock Price Down 2.2% – Should You Sell?

Shares of NGEx Minerals Ltd. (OTC:NGXXF) dropped 2.2% during mid-day trading on Friday . The stock traded as low as C$18.17 and last traded at C$18.25. Approximately 153,841 shares changed hands during trading, an increase of 392% from the average daily volume of 31,243 shares. The stock had previously closed at C$18.66.

Analyst Upgrades and Downgrades

Separately, National Bankshares restated an “outperform” rating on shares of NGEx Minerals in a report on Wednesday, October 1st. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, NGEx Minerals has an average rating of “Moderate Buy”.

NGEx Minerals Price Performance

The stock has a fifty day moving average of C$17.42 and a two-hundred day moving average of C$15.98.

About NGEx Minerals

NGEx Minerals Ltd. engages in the acquisition, exploration, and development of mineral properties in South America. The company holds interest in the Los Helados project, a porphyry copper, gold, and silver deposit located in the Andes Mountains of the Atacama Region, Chile. It also holds interest in the Valle Ancho and Interceptor properties located in Catamarca, Argentina; and the Potro Cliffs project located in San Juan Province, Argentina. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.