Orex Minerals (CVE:REX) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

Orex Minerals Inc. (CVE:REX)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.15 and traded as low as C$0.15. Orex Minerals shares last traded at C$0.15, with a volume of 5,000 shares trading hands.

Orex Minerals Stock Performance

The stock has a market cap of C$4.97 million, a price-to-earnings ratio of -1.86 and a beta of 0.63. The company’s 50 day simple moving average is C$0.15 and its two-hundred day simple moving average is C$0.17.

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.