Orex Minerals (CVE:REX) Trading Down 22.8% – Here’s Why

Orex Minerals Inc. (CVE:REX)’s stock price fell 22.8% during trading on Saturday . The company traded as low as C$0.21 and last traded at C$0.22. 647,340 shares changed hands during mid-day trading, an increase of 239% from the average session volume of 191,024 shares. The stock had previously closed at C$0.29.

Orex Minerals Stock Performance

The business has a fifty day simple moving average of C$0.23 and a 200 day simple moving average of C$0.21. The company has a market cap of C$7.97 million, a P/E ratio of -2.44 and a beta of 1.42.

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.