AEX Gold (CVE:AEX) Trading Down 1.6% – What’s Next?

AEX Gold Inc. (CVE:AEX) traded down 1.6% during mid-day trading on Friday . The company traded as low as C$0.62 and last traded at C$0.62. 8,500 shares were traded during trading, a decline of 70% from the average session volume of 28,496 shares. The stock had previously closed at C$0.63.

AEX Gold Price Performance

The company’s 50 day simple moving average is C$0.62 and its 200 day simple moving average is C$0.62. The company has a current ratio of 19.90, a quick ratio of 19.77 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of C$109.80 million and a PE ratio of -4.31.

About AEX Gold

AEX Gold Inc engages in the acquisition, exploration, and development of mineral properties in Greenland. It holds interests in licenses covering an area of 7,615.85 square kilometers located in South Greenland. The company was formerly known as Alopex Gold Inc and changed its name to AEX Gold Inc in June 2018. AEX Gold Inc was incorporated in 2017 and is headquartered in Toronto, Canada.