Orex Minerals (CVE:REX) Shares Down 12.3% – Time to Sell?

Shares of Orex Minerals Inc. (CVE:REX) traded down 12.3% on Thursday . The stock traded as low as C$0.25 and last traded at C$0.25. 198,995 shares were traded during mid-day trading, a decline of 7% from the average session volume of 213,370 shares. The stock had previously closed at C$0.29.

Orex Minerals Trading Up 14.0%

The firm has a fifty day moving average of C$0.31 and a 200 day moving average of C$0.24. The company has a market capitalization of C$19.90 million, a P/E ratio of -3.17 and a beta of 1.96.

Orex Minerals Company Profile

Orex Minerals Inc, a mineral exploration company, engages in the acquisition and exploration of mineral properties in Mexico and Canada. It owns interests in the Coneto silver-gold project that covers an area of 16,346 hectares of mineral concessions located in the Mesa Central on the eastern flank of the Sierra Madre Occidental Mountains; the Sandra Escobar silver-gold project situated to the north of the town of Tepehuanes, Durango; and the Jumping Josephine gold project totalling 11,200 hectares located in the West Kootenay region of Southeastern The company also explores for lead and zinc.