Orex Minerals (CVE:REX) Shares Down 12.3% – What’s Next?

Orex Minerals Inc. (CVE:REX) shares were down 12.3% on Thursday . The stock traded as low as C$0.25 and last traded at C$0.25. Approximately 198,995 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 213,370 shares. The stock had previously closed at C$0.29.

Orex Minerals Trading Down 12.3%

The business has a 50 day simple moving average of C$0.31 and a two-hundred day simple moving average of C$0.24. The company has a market cap of C$17.46 million, a PE ratio of -2.78 and a beta of 1.96.

About Orex Minerals

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.