Short Interest in NGEx Minerals Ltd. (OTC:NGXXF) Increases By 59.7%

NGEx Minerals Ltd. (OTC:NGXXF) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 870,700 shares, an increase of 59.7% from the September 15th total of 545,200 shares. Based on an average daily trading volume, of 72,200 shares, the days-to-cover ratio is currently 12.1 days. Based on an average daily trading volume, of 72,200 shares, the days-to-cover ratio is currently 12.1 days.

Analyst Ratings Changes

NGXXF has been the subject of several recent analyst reports. National Bankshares restated an “outperform” rating on shares of NGEx Minerals in a research report on Wednesday, October 1st. CIBC cut NGEx Minerals from an “outperform” rating to a “neutral” rating in a report on Monday, August 18th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, NGEx Minerals currently has an average rating of “Moderate Buy”.

NGEx Minerals Stock Down 0.1%

Shares of NGXXF opened at C$17.87 on Friday. NGEx Minerals has a 12-month low of C$7.18 and a 12-month high of C$21.28. The business has a 50-day simple moving average of C$16.90 and a two-hundred day simple moving average of C$13.11.

NGEx Minerals Company Profile

NGEx Minerals Ltd. engages in the acquisition, exploration, and development of mineral properties in South America. The company holds interest in the Los Helados project, a porphyry copper, gold, and silver deposit located in the Andes Mountains of the Atacama Region, Chile. It also holds interest in the Valle Ancho and Interceptor properties located in Catamarca, Argentina; and the Potro Cliffs project located in San Juan Province, Argentina.