Apex Resources (CVE:APX) Trading Up 14.3% – Still a Buy?

Apex Resources Inc. (CVE:APXGet Free Report) traded up 14.3% during mid-day trading on Monday . The company traded as high as C$0.09 and last traded at C$0.08. 322,000 shares traded hands during trading, an increase of 251% from the average daily volume of 91,627 shares. The stock had previously closed at C$0.07.

Apex Resources Trading Up 14.3%

The company has a quick ratio of 1.30, a current ratio of 1.04 and a debt-to-equity ratio of 3.50. The company’s 50-day moving average is C$0.05 and its 200 day moving average is C$0.06. The company has a market cap of C$6.66 million, a price-to-earnings ratio of -6.00 and a beta of -0.84.

About Apex Resources

(Get Free Report)

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.

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