Apex Resources (CVE:APX) Sets New 1-Year High – Still a Buy?

Apex Resources Inc. (CVE:APXGet Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$0.07 and last traded at C$0.07, with a volume of 58774 shares trading hands. The stock had previously closed at C$0.07.

Apex Resources Trading Up 7.7%

The company has a current ratio of 1.04, a quick ratio of 1.30 and a debt-to-equity ratio of 3.50. The company has a market cap of C$5.83 million, a price-to-earnings ratio of -6.00 and a beta of -0.84. The firm has a 50-day moving average price of C$0.05 and a 200 day moving average price of C$0.06.

About Apex Resources

(Get Free Report)

Apex Resources Inc, an exploration stage company, engages in the exploration and evaluation of mineral properties in Canada. The company primarily explores for gold, copper, lead, zinc, molybdenum, and tungsten deposits. It holds a 100% interest in the Jersey Emerald Tungsten-Lead-Zinc property consisting of 28 crown granted mineral claims, four 2-post claims, and 80 mineral units located in southeastern British Columbia; and the Ore Hill property covering an area of 2,000 hectares located in southern British Columbia.

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