Orex Minerals (CVE:REX) Stock Price Down 10% – Here’s What Happened

Orex Minerals Inc. (CVE:REX)’s stock price dropped 10% during trading on Friday . The stock traded as low as C$0.18 and last traded at C$0.18. Approximately 187,500 shares traded hands during mid-day trading, an increase of 156% from the average daily volume of 73,103 shares. The stock had previously closed at C$0.20.

Orex Minerals Stock Performance

The company has a 50 day moving average of C$0.18 and a 200 day moving average of C$0.18. The stock has a market capitalization of C$6.52 million, a price-to-earnings ratio of -1.50 and a beta of 1.64.

Orex Minerals Company Profile

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.