Orex Minerals (CVE:REX) Shares Up 12.9% – What’s Next?

Orex Minerals Inc. (CVE:REX) was up 12.9% during trading on Wednesday . The stock traded as high as C$0.40 and last traded at C$0.40. Approximately 101,282 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 267,358 shares. The stock had previously closed at C$0.35.

Orex Minerals Price Performance

The stock’s fifty day moving average price is C$0.25 and its 200-day moving average price is C$0.21. The firm has a market cap of C$13.40 million, a PE ratio of -4.11 and a beta of 1.27.

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.