Orex Minerals (CVE:REX) Shares Up 7.7% – Here’s Why

Shares of Orex Minerals Inc. (CVE:REXGet Free Report) shot up 7.7% during mid-day trading on Thursday . The company traded as high as C$0.21 and last traded at C$0.21. 57,100 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 112,286 shares. The stock had previously closed at C$0.20.

Orex Minerals Trading Up 7.7%

The firm’s fifty day moving average price is C$0.20 and its 200 day moving average price is C$0.26. The firm has a market capitalization of C$14.66 million, a PE ratio of -2.33 and a beta of 2.22.

About Orex Minerals

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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.

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