Orex Minerals Inc. (CDX:REX:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on September 22, with a fall of 1.83%. After closing the previous session at $1.09, shares of REX:CA opened this morning at $1.07 and are currently trading at $1.07. At the lunch break, about 34,095 shares have changed hands, compared to an average 30-day volume of 163,784 for Orex Minerals Inc.. Shares moved as high as $1.1 and as low as $1.06 in today’s morning action.
The share depreciation gives the company a market capitalization of $123.2 million based upon 113.03 million shares outstanding.
In the past 52 weeks, shares of Orex Minerals Inc. have traded as low as $0.105 and as high as $1.38. Technical traders will take note that at $1.07, shares of REX:CA are trading above their 50-day moving average (MA) at $1.018 and above their 200-day MA at above $0.587. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish.
Who is $Orex Mnrls I?
Orex Minerals Inc is a junior mining company engaged in acquisition and exploration of mineral properties in Mexico and Canada. Its projects include Coneto (Mexico), Sandra Escobar (Mexico), and Jumping Josephine (Canada). The company is led by its CEO Gary Cope from its headquarters at 1055 West Hastings Street.
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About the TSX Venture Exchange
Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.
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