Euromax Resources (CVE:EOX) Shares Up 42.9% – Should You Buy?

Euromax Resources Ltd. (CVE:EOX)’s stock price rose 42.9% during trading on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 163,200 shares changed hands during mid-day trading, an increase of 30% from the average daily volume of 125,897 shares. The stock had previously closed at C$0.04.

Euromax Resources Stock Performance

The company has a market capitalization of C$37.74 million, a P/E ratio of -1.00 and a beta of 2.21. The stock has a fifty day moving average of C$0.03 and a 200 day moving average of 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.