Orex Minerals (CVE:REX) Reaches New 1-Year High – Should You Buy?

Orex Minerals Inc. (CVE:REX) shares reached a new 52-week high on Tuesday . The company traded as high as C$0.32 and last traded at C$0.29, with a volume of 100311 shares traded. The stock had previously closed at C$0.31.

Orex Minerals Trading Down 6.5%

The company’s 50-day simple moving average is C$0.21 and its 200-day simple moving average is C$0.20. The stock has a market capitalization of C$10.50 million, a price-to-earnings ratio of -3.22 and a beta of 1.42.

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.