Apex Resources (CVE:APX) Trading 20% Higher – Still a Buy?

Apex Resources Inc. (CVE:APXGet Free Report)’s stock price rose 20% on Friday . The stock traded as high as C$0.06 and last traded at C$0.06. 137,354 shares were traded during trading, an increase of 53% from the average daily volume of 89,648 shares. The stock had previously closed at C$0.05.

Apex Resources Stock Up 20.0%

The firm has a market capitalization of C$5.00 million, a price-to-earnings ratio of -6.00 and a beta of -0.84. The business has a 50 day moving average of C$0.05 and a 200 day moving average of C$0.06. The company has a debt-to-equity ratio of 3.50, a current ratio of 1.04 and a quick ratio of 1.30.

Apex Resources Company Profile

(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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