Apex Resources (CVE:APX) Stock Price Up 22.2% – Time to Buy?

Apex Resources Inc. (CVE:APX) shares rose 22.2% during trading on Wednesday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 226,000 shares were traded during 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 Trading Up 11.1%

The company has a 50 day moving average of C$0.06 and a 200-day moving average of C$0.06. The stock has a market cap of C$4.16 million, a price-to-earnings ratio of -6.00 and a beta of -0.55. The company has a debt-to-equity ratio of 3.50, a quick ratio of 1.30 and a current ratio of 1.04.

Apex Resources Company Profile

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.