Orex Minerals (CVE:REX) Trading Down 10% – What’s Next?

Orex Minerals Inc. (CVE:REX) shares traded down 10% during trading on Monday . The stock traded as low as C$0.18 and last traded at C$0.18. 151,851 shares were traded during trading, an increase of 16% from the average session volume of 131,360 shares. The stock had previously closed at C$0.20.

Orex Minerals Price Performance

The company’s 50 day moving average price is C$0.26 and its 200 day moving average price is C$0.27. The firm has a market capitalization of C$13.96 million, a P/E ratio of -2.22 and a beta of 2.05.

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.