Euromax Resources (CVE:EOX) Shares Up 28.6% – Here’s What Happened

Euromax Resources Ltd. (CVE:EOX)’s share price rose 28.6% during trading on Saturday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 619,327 shares were traded during trading, an increase of 368% from the average daily volume of 132,270 shares. The stock had previously closed at C$0.04.

Euromax Resources Stock Up 28.6%

The firm has a 50 day simple moving average of C$0.02 and a 200-day simple moving average of C$0.02. The stock has a market cap of C$33.96 million, a P/E ratio of -1.00 and a beta of 0.88.

About Euromax Resources

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.