NGEx Minerals (OTCMKTS:NGXXF) Stock Falls 4.1% – Here’s What Happened

NGEx Minerals Ltd. (OTCMKTS:NGXXF)’s stock price dropped 4.1% during mid-day trading on Wednesday. The stock traded as low as C$15.55 and last traded at C$15.74. Approximately 29,762 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 43,143 shares. The stock had previously closed at C$16.41.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NGXXF shares. TD Securities assumed coverage on NGEx Minerals in a research report on Thursday, July 23rd. They set a “buy” rating on the stock. Jefferies Financial Group restated a “buy” rating on shares of NGEx Minerals in a research note on Monday, July 6th. Three equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

NGEx Minerals Stock Performance

The business’s 50 day moving average price is C$18.65 and its 200-day moving average price is C$18.83.

NGEx Minerals Company Profile

NGEx Minerals Ltd. is a Canadian mineral exploration company focused on discovering and advancing copper-gold deposits in the Andes. The company’s activities include geological mapping, geophysical surveys, drilling, resource evaluation and other exploration work aimed at identifying economically significant mineralization.

NGEx Minerals’ principal assets are located in the Vicuña mineral district of Argentina and Chile, a prolific copper-gold region. Its portfolio includes the Lunahuasi project in San Juan Province, Argentina, and the Los Helados project in Chile.