NGEx Minerals (OTC:NGXXF) Trading Up 2.7% – Time to Buy?

NGEx Minerals Ltd. (OTC:NGXXF) shares rose 2.7% during mid-day trading on Tuesday . The company traded as high as C$16.79 and last traded at C$16.43. Approximately 52,396 shares changed hands during mid-day trading, an increase of 65% from the average daily volume of 31,662 shares. The stock had previously closed at C$16.00.

Wall Street Analysts Forecast Growth

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

NGEx Minerals Trading Up 2.7%

The stock has a fifty day moving average of C$17.03 and a two-hundred day moving average of C$13.38.

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.