Shares of NGEx Minerals Ltd. (OTCMKTS:NGXXF – Get Free Report) shot up 1% during mid-day trading on Thursday. The stock traded as high as C$15.68 and last traded at C$15.66. 26,762 shares were traded during trading, a decline of 39% from the average session volume of 43,975 shares. The stock had previously closed at C$15.51.
Wall Street Analyst Weigh In
Separately, TD Securities initiated coverage on NGEx Minerals in a research report on Thursday, July 23rd. They issued a “buy” rating for the company. Three research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.
View Our Latest Stock Report on NGXXF
NGEx Minerals Price Performance
The business’s 50 day moving average price is C$17.10 and its 200-day moving average price is C$18.91.
About NGEx Minerals
NGEx Minerals Ltd. is a Canadian mineral exploration company focused on finding copper- and gold-rich deposits in South America. The company explores for copper, gold and silver and is not a mining producer.
Its principal projects include the Lunahuasi copper-gold-silver project in Argentina’s San Juan Province and the Los Helados copper-gold-silver project in Chile. Both are in the Andean region near the Argentina–Chile border, an area known as the Vicuña district.
NGEx’s work centers on exploration, including drilling and geological studies, to assess the size and potential of its mineral deposits.
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