Orex Minerals (CVE:REX) Trading 12.9% Higher – Here’s Why

Orex Minerals Inc. (CVE:REX)’s stock price shot up 12.9% on Wednesday . The company traded as high as C$0.40 and last traded at C$0.40. 101,282 shares traded hands during trading, a decline of 62% from the average session volume of 267,358 shares. The stock had previously closed at C$0.35.

Orex Minerals Stock Up 5.7%

The firm has a market cap of C$13.40 million, a price-to-earnings ratio of -4.11 and a beta of 1.27. The company’s 50-day moving average price is C$0.25 and its 200-day moving average price is C$0.21.

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.