Euromax Resources (CVE:EOX) Trading 28.6% Higher – Time to Buy?

Euromax Resources Ltd. (CVE:EOX)’s share price was up 28.6% during trading on Saturday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 619,327 shares changed hands during mid-day trading, an increase of 368% from the average daily volume of 132,270 shares. The stock had previously closed at C$0.04.

Euromax Resources Price Performance

The company has a market capitalization of C$33.96 million, a price-to-earnings ratio of -1.00 and a beta of 0.88. The stock has a 50 day moving average price of C$0.02 and a two-hundred day moving average price of C$0.02.

Euromax Resources Company Profile

Euromax Resources Ltd. engages in the exploration and development of mineral right interests in Macedonia. The company primarily explores for copper and gold deposits. Its flagship project is the Ilovica-Shtuka gold-copper project, which is located in Southeast Macedonia with annual production of approximately 83 kilo ounces of gold and 16 kilotons of copper. The company was formerly known as Omax Resources Ltd. and changed its name to Euromax Resources Ltd. in 2004. Euromax Resources Ltd. was incorporated in 1990 and is based in Skopje, North Macedonia.