Apex Resources (CVE:APX) Reaches New 52-Week High – Time to Buy?

Shares of Apex Resources Inc. (CVE:APX) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$0.11 and last traded at C$0.09, with a volume of 34126 shares changing hands. The stock had previously closed at C$0.09.

Apex Resources Price Performance

The firm’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$7.49 million, a price-to-earnings ratio of -6.00 and a beta of -0.84.

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.