Euromax Resources (CVE:EOX) Shares Down 33.3% – Should You Sell?

Euromax Resources Ltd. (CVE:EOX)’s share price was down 33.3% during mid-day trading on Friday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 198,928 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 164,357 shares. The stock had previously closed at C$0.06.

Euromax Resources Price Performance

The stock has a market capitalization of C$30.19 million, a P/E ratio of -1.00 and a beta of 0.88. The firm’s 50 day moving average price is C$0.02 and its 200 day moving average price is C$0.02.

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.