NGEx Minerals (OTC:NGXXF) Trading Up 2.7% – Time to Buy?

NGEx Minerals Ltd. (OTC:NGXXF)’s share price was up 2.7% during trading on Tuesday . The stock traded as high as C$16.79 and last traded at C$16.43. Approximately 52,396 shares changed hands during mid-day trading, an increase of 65% from the average daily volume of 31,662 shares. The stock had previously closed at C$16.00.

Wall Street Analyst Weigh In

Several equities analysts have commented on NGXXF shares. CIBC cut NGEx Minerals from an “outperform” rating to a “neutral” rating in a report on Monday, August 18th. National Bankshares reaffirmed an “outperform” rating on shares of NGEx Minerals in a report on Wednesday, October 1st. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, NGEx Minerals currently has an average rating of “Moderate Buy”.

NGEx Minerals Stock Up 2.7%

The firm has a fifty day simple moving average of C$17.03 and a 200 day simple moving average of C$13.38.

About NGEx Minerals

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.