Orex Minerals (CVE:REX) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Orex Minerals Inc. (CVE:REX) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.20 and traded as low as C$0.18. Orex Minerals shares last traded at C$0.18, with a volume of 30,650 shares changing hands.

Orex Minerals Stock Performance

The stock’s 50 day simple moving average is C$0.20 and its 200 day simple moving average is C$0.26. The firm has a market capitalization of C$12.92 million, a P/E ratio of -2.06 and a beta of 2.22.

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.