NGEx Resources Inc. (NGQ) Price Target Increased to C$1.25 by Analysts at Scotiabank

NGEx Resources Inc. (TSE:NGQ) had its target price increased by equities research analysts at Scotiabank from C$1.00 to C$1.25 in a research report issued on Tuesday. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 22.55% from the stock’s current price.

Shares of NGEx Resources (NGQ) traded down C$0.02 on Tuesday, hitting C$1.02. 18,100 shares of the stock were exchanged, compared to its average volume of 59,960. NGEx Resources has a fifty-two week low of C$0.75 and a fifty-two week high of C$1.45.

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About NGEx Resources

NGEx Resources Inc is engaged in the acquisition, exploration and development of mineral properties located in South America. The Company’s principal project is Project Constellation, which consists of the Los Helados project and the Josemaria project, which are exploration stage copper or gold or silver projects located in Chile and Argentina.

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