Orex Minerals (CVE:REX) Trading 6.7% Higher – Here’s What Happened

Orex Minerals Inc. (CVE:REX) shares shot up 6.7% on Monday . The company traded as high as C$0.16 and last traded at C$0.16. 16,555 shares traded hands during mid-day trading, an increase of 1% from the average session volume of 16,469 shares. The stock had previously closed at C$0.15.

Orex Minerals Stock Up 6.7 %

The firm has a market capitalization of C$4.41 million, a P/E ratio of -1.78 and a beta of 0.63. The firm’s 50-day simple moving average is C$0.14 and its 200-day simple moving average is C$0.18.

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.