NGEx Minerals (OTC:NGXXF) Stock Price Down 3.7% – Should You Sell?

NGEx Minerals Ltd. (OTC:NGXXFGet Free Report) shares dropped 3.7% on Thursday . The stock traded as low as C$18.59 and last traded at C$18.84. Approximately 46,769 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 57,608 shares. The stock had previously closed at C$19.56.

Analysts Set New Price Targets

Separately, BMO Capital Markets reissued an “outperform” rating on shares of NGEx Minerals in a report on Tuesday, January 13th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Get Our Latest Analysis on NGXXF

NGEx Minerals Price Performance

The company has a 50-day moving average price of C$20.90 and a 200 day moving average price of C$18.58.

NGEx Minerals Company Profile

(Get Free Report)

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.

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