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

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

Orex Minerals Stock Down 15.4%

The business has a 50-day moving average price of C$0.18 and a 200-day moving average price of C$0.15. The firm has a market capitalization of C$7.54 million, a PE ratio of -2.44 and a beta of 1.67.

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.