Orex Minerals (CVE:REX) Stock Falls 7.7% – Should You Sell?

Orex Minerals Inc. (CVE:REX) dropped 7.7% on Wednesday. The company traded as low as C$0.12 and last traded at C$0.12. Approximately 16,604 shares were traded during trading, a decline of 81% from the average daily volume of 89,204 shares. The stock had previously closed at C$0.13.

Orex Minerals Stock Performance

The company’s fifty day moving average is C$0.19 and its two-hundred day moving average is C$0.24. The company has a market cap of C$7.74 million, a price-to-earnings ratio of -2.75 and a beta of 2.80.

Orex Minerals Company Profile

Orex Minerals Inc, a mineral exploration company, engages in the acquisition and exploration of mineral properties in Mexico and Canada. It owns interests in the Coneto silver-gold project that covers an area of 16,346 hectares of mineral concessions located in the Mesa Central on the eastern flank of the Sierra Madre Occidental Mountains; the Sandra Escobar silver-gold project situated to the north of the town of Tepehuanes, Durango; and the Jumping Josephine gold project totalling 11,200 hectares located in the West Kootenay region of Southeastern The company also explores for lead and zinc.