Euromax Resources (CVE:EOX) Stock Price Up 28.6% – Time to Buy?

Euromax Resources Ltd. (CVE:EOX) traded up 28.6% during trading on Saturday . The stock traded as high as C$0.05 and last traded at C$0.05. 619,327 shares traded hands during trading, an increase of 368% from the average session volume of 132,270 shares. The stock had previously closed at C$0.04.

Euromax Resources Stock Performance

The firm’s 50-day moving average price is C$0.02 and its two-hundred day moving average price is C$0.02. The stock has a market cap of C$33.96 million, a price-to-earnings ratio of -1.00 and a beta of 0.88.

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.