Apex Resources (CVE:APX) Shares Down 9.1% – Here’s Why

Apex Resources Inc. (CVE:APX)’s share price traded down 9.1% on Thursday . The stock traded as low as C$0.05 and last traded at C$0.05. 164,200 shares were traded during mid-day trading, an increase of 95% from the average session volume of 84,095 shares. The stock had previously closed at C$0.06.

Apex Resources Stock Performance

The firm has a market capitalization of C$4.16 million, a P/E ratio of -6.00 and a beta of -0.55. The company has a 50-day moving average of C$0.06 and a 200-day moving average of C$0.06. The company has a current ratio of 1.04, a quick ratio of 1.30 and a debt-to-equity ratio of 3.50.

Apex Resources Company Profile

Apex Resources Inc, an exploration stage company, engages in the exploration and evaluation of mineral properties in Canada. The company primarily explores for gold, copper, lead, zinc, molybdenum, and tungsten deposits. It holds a 100% interest in the Jersey Emerald Tungsten-Lead-Zinc property consisting of 28 crown granted mineral claims, four 2-post claims, and 80 mineral units located in southeastern British Columbia; and the Ore Hill property covering an area of 2,000 hectares located in southern British Columbia.