NGEx Minerals (OTCMKTS:NGXXF) Trading Down 5.9% – Time to Sell?

NGEx Minerals Ltd. (OTCMKTS:NGXXF)’s stock price fell 5.9% during trading on Tuesday . The stock traded as low as C$18.35 and last traded at C$18.35. Approximately 11,591 shares were traded during mid-day trading, a decline of 74% from the average session volume of 45,289 shares. The stock had previously closed at C$19.50.

Analyst Upgrades and Downgrades

NGXXF has been the topic of several research analyst reports. TD Securities started coverage on shares of NGEx Minerals in a research report on Thursday, July 23rd. They set a “buy” rating on the stock. Jefferies Financial Group reissued a “buy” rating on shares of NGEx Minerals in a research note on Monday, July 6th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

NGEx Minerals Stock Performance

The company has a 50-day moving average of C$18.84 and a two-hundred day moving average of C$19.31.

About NGEx Minerals

NGEx Minerals Ltd. engages in the acquisition, exploration, and development of mineral properties in South America. The company holds interest in the Los Helados project, a porphyry copper, gold, and silver deposit located in the Andes Mountains of the Atacama Region, Chile. It also holds interest in the Valle Ancho and Interceptor properties located in Catamarca, Argentina; and the Potro Cliffs project located in San Juan Province, Argentina. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.