Euromax Resources (CVE:EOX) Trading 28.6% Higher – Time to Buy?

Euromax Resources Ltd. (CVE:EOX) shares shot up 28.6% during mid-day trading on Wednesday . The company traded as high as C$0.05 and last traded at C$0.05. 104,200 shares changed hands during trading, a decline of 15% from the average session volume of 122,008 shares. The stock had previously closed at C$0.04.

Euromax Resources Price Performance

The firm has a market cap of C$37.74 million, a P/E ratio of -1.00 and a beta of 2.21. The stock’s 50-day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.02.

About Euromax Resources

Euromax Resources Ltd. engages in the exploration and development of mineral right interests in Macedonia. The company primarily explores for copper and gold deposits. Its flagship project is the Ilovica-Shtuka gold-copper project, which is located in Southeast Macedonia with annual production of approximately 83 kilo ounces of gold and 16 kilotons of copper. The company was formerly known as Omax Resources Ltd. and changed its name to Euromax Resources Ltd. in 2004. Euromax Resources Ltd. was incorporated in 1990 and is based in Skopje, North Macedonia.