Orex Minerals (CVE:REX) Shares Down 15.4% – Here’s What Happened

Orex Minerals Inc. (CVE:REX) shares traded down 15.4% on Saturday . The stock traded as low as C$0.21 and last traded at C$0.22. 355,654 shares traded hands during trading, an increase of 577% from the average session volume of 52,551 shares. The stock had previously closed at C$0.26.

Orex Minerals Stock Down 15.4%

The stock has a market cap of C$7.54 million, a P/E ratio of -2.44 and a beta of 1.67. The firm’s 50-day moving average is C$0.18 and its two-hundred day moving average is C$0.15.

About Orex Minerals

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.