Orex Minerals (CVE:REX) Trading Down 1.8% – Time to Sell?

Orex Minerals Inc. (CVE:REX)’s share price fell 1.8% during mid-day trading on Thursday . The stock traded as low as C$0.28 and last traded at C$0.28. 10,250 shares were traded during mid-day trading, a decline of 93% from the average session volume of 156,822 shares. The stock had previously closed at C$0.29.

Orex Minerals Price Performance

The firm’s fifty day moving average price is C$0.29 and its 200-day moving average price is C$0.25. The firm has a market capitalization of C$19.55 million, a P/E ratio of -3.11 and a beta of 2.24.

About Orex Minerals

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.