Euromax Resources (CVE:EOX) Shares Up 40% – Time to Buy?

Euromax Resources Ltd. (CVE:EOX)’s share price shot up 40% during mid-day trading on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04. 104,001 shares changed hands during trading, an increase of 8% from the average session volume of 95,910 shares. The stock had previously closed at C$0.03.

Euromax Resources Stock Performance

The stock’s 50 day moving average price is C$0.03 and its 200 day moving average price is C$0.03. The company has a market capitalization of C$26.42 million, a P/E ratio of -1.00 and a beta of 1.85.

Euromax Resources Company Profile

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.