NGEx Minerals (OTCMKTS:NGXXF) Shares Up 5.1% – Should You Buy?

NGEx Minerals Ltd. (OTCMKTS:NGXXF) shot up 5.1% on Tuesday. The company traded as high as C$19.63 and last traded at C$19.51. Approximately 49,772 shares changed hands during mid-day trading, an increase of 12% from the average daily volume of 44,466 shares. The stock had previously closed at C$18.57.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NGXXF. Jefferies Financial Group reissued a “buy” rating on shares of NGEx Minerals in a report on Monday, July 6th. TD Securities assumed coverage on shares of NGEx Minerals in a research note on Thursday, July 23rd. They issued a “buy” rating for the company. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

NGEx Minerals Price Performance

The business’s 50-day moving average is C$19.08 and its two-hundred day moving average is C$18.95.

NGEx Minerals Company Profile

NGEx Minerals Ltd. engages in the acquisition, exploration, and development of mineral properties in South America. The company holds interest in the Los Helados project, a porphyry copper, gold, and silver deposit located in the Andes Mountains of the Atacama Region, Chile. It also holds interest in the Valle Ancho and Interceptor properties located in Catamarca, Argentina; and the Potro Cliffs project located in San Juan Province, Argentina. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.