NGEx Minerals (OTC:NGXXF) Trading Down 3.7% – Here’s Why

NGEx Minerals Ltd. (OTC:NGXXF) shares fell 3.7% on Thursday . The stock traded as low as C$18.59 and last traded at C$18.84. 46,769 shares were traded during mid-day trading, a decline of 19% from the average session volume of 57,608 shares. The stock had previously closed at C$19.56.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of NGEx Minerals in a research report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, NGEx Minerals presently has a consensus rating of “Moderate Buy”.

NGEx Minerals Stock Down 3.7%

The firm has a 50 day simple moving average of C$20.91 and a 200 day simple moving average of C$18.56.

About NGEx Minerals

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.