Euromax Resources (CVE:EOX) Shares Up 40% – Time to Buy?

Shares of Euromax Resources Ltd. (CVE:EOX) rose 40% during mid-day trading on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 104,001 shares changed hands during trading, an increase of 8% from the average daily volume of 95,910 shares. The stock had previously closed at C$0.03.

Euromax Resources Price Performance

The company has a market cap of C$26.42 million, a price-to-earnings ratio of -1.00 and a beta of 1.85. The business’s fifty day moving average price is C$0.03 and its 200 day moving average price is C$0.03.

About Euromax Resources

Euromax Resources Ltd. engages in the exploration and development of mineral right interests in Macedonia. The company primarily explores for copper and gold deposits. Its flagship project is the Ilovica-Shtuka gold-copper project, which is located in Southeast Macedonia with annual production of approximately 83 kilo ounces of gold and 16 kilotons of copper. The company was formerly known as Omax Resources Ltd. and changed its name to Euromax Resources Ltd. in 2004. Euromax Resources Ltd. was incorporated in 1990 and is based in Skopje, North Macedonia.