NGEx Resources Inc (TSE:NGQ) had its price objective increased by research analysts at Dundee Securities from C$0.95 to C$1.25 in a report issued on Monday. The brokerage currently has a “neutral” rating on the stock. Dundee Securities’ target price would indicate a potential upside of 9.65% from the company’s previous close.

Separately, Scotiabank lowered their price target on NGEx Resources from C$1.25 to C$1.20 and set a “sector perform” rating on the stock in a research report on Thursday, August 18th.

NGEx Resources (TSE:NGQ) traded up 5.26% on Monday, reaching $1.20. The company’s stock had a trading volume of 33,100 shares. The company’s market cap is $246.10 million. The company has a 50-day moving average price of $1.19 and a 200 day moving average price of $0.95. NGEx Resources has a 12 month low of $0.44 and a 12 month high of $1.50.

NGEx Resources Company Profile

NGEx Resources Inc (NGEx) is a Canada-based company, which is engaged in the acquisition, exploration and development of precious and base metal properties. The Company has a portfolio of exploration stage copper-gold projects in Chile and Argentina. The Company’s operating segments are Project Constellation, the Filo del Sol project and other exploration projects.

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