Orex Minerals (CVE:REX) Shares Down 10% – Here’s Why

Orex Minerals Inc. (CVE:REXGet Free Report)’s share price was down 10% during mid-day trading on Monday . The stock traded as low as C$0.18 and last traded at C$0.18. Approximately 151,851 shares traded hands during trading, an increase of 16% from the average daily volume of 131,360 shares. The stock had previously closed at C$0.20.

Orex Minerals Stock Down 10.0%

The stock has a market capitalization of C$12.57 million, a price-to-earnings ratio of -2.00 and a beta of 2.05. The company’s 50-day moving average is C$0.26 and its 200-day moving average is C$0.27.

About Orex Minerals

(Get Free Report)

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.

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