Euromax Resources (CVE:EOX) Trading Down 20% – Here’s Why

Euromax Resources Ltd. (CVE:EOXGet Free Report) shares dropped 20% on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 172,112 shares traded hands during trading, an increase of 30% from the average daily volume of 132,193 shares. The stock had previously closed at C$0.03.

Euromax Resources Stock Performance

The company has a market cap of C$15.09 million, a PE ratio of -1.00 and a beta of 0.88. The company’s 50-day simple moving average is C$0.02 and its 200 day simple moving average is C$0.02.

Euromax Resources Company Profile

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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.

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