Orex Minerals (CVE:REX) Hits New 12-Month High – Should You Buy?

Orex Minerals Inc. (CVE:REX)’s share price hit a new 52-week high on Wednesday . The stock traded as high as C$0.33 and last traded at C$0.31, with a volume of 229974 shares trading hands. The stock had previously closed at C$0.30.

Orex Minerals Stock Performance

The company has a market cap of C$11.23 million, a P/E ratio of -3.44 and a beta of 1.42. The business has a fifty day simple moving average of C$0.20 and a 200 day simple moving average of C$0.20.

Orex Minerals Company Profile

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.