Apex Resources (CVE:APX) Trading Up 22.2% – What’s Next?

Apex Resources Inc. (CVE:APXGet Free Report)’s share price rose 22.2% during mid-day trading on Wednesday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 226,000 shares traded hands during mid-day trading, an increase of 173% from the average daily volume of 82,920 shares. The stock had previously closed at C$0.05.

Apex Resources Stock Performance

The stock’s 50-day moving average price is C$0.06 and its 200-day moving average price is C$0.06. The company has a current ratio of 1.04, a quick ratio of 1.30 and a debt-to-equity ratio of 3.50. The company has a market capitalization of C$4.16 million, a P/E ratio of -6.00 and a beta of -0.55.

About Apex Resources

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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.

Further Reading

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