Somewhat Positive News Coverage Somewhat Unlikely to Impact Orex Minerals (REX) Share Price

News stories about Orex Minerals (NYSE:REX) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Orex Minerals earned a news impact score of 0.12 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.6273649643349 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Separately, BidaskClub cut shares of Orex Minerals from a “buy” rating to a “hold” rating in a research note on Monday, July 24th.

Orex Minerals (NYSE:REX) traded up C$1.13 during trading hours on Friday, reaching C$86.16. 36,612 shares of the company’s stock were exchanged, compared to its average volume of 35,634. Orex Minerals has a 52 week low of C$76.10 and a 52 week high of C$107.87.

Orex Minerals (NYSE:REX) last released its earnings results on Wednesday, August 30th. The company reported C$0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$1.12 by C($0.67). The firm had revenue of C$108.74 million during the quarter. Orex Minerals had a net margin of 3.84% and a return on equity of 3.40%.

In other news, CFO Douglas Bruggeman sold 1,218 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of C$95.47, for a total transaction of C$116,282.46. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lawrence Tomchin sold 1,000 shares of the stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of C$96.00, for a total transaction of C$96,000.00. The disclosure for this sale can be found here.

TRADEMARK VIOLATION NOTICE: “Somewhat Positive News Coverage Somewhat Unlikely to Impact Orex Minerals (REX) Share Price” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2017/11/11/somewhat-positive-news-coverage-somewhat-unlikely-to-impact-orex-minerals-rex-share-price.html.

About Orex Minerals

Rex American Resources Corporation is a holding company. As of January 31, 2017, the Company had invested in three ethanol production entities. It operates through alternative energy segment. As of January 31, 2017, the Company’s ethanol investments include One Earth Energy, LLC (One Earth), NuGen Energy, LLC (NuGen) and Big River Resources, LLC (Big River).

Insider Buying and Selling by Quarter for Orex Minerals (NYSE:REX)

Receive News & Ratings for Orex Minerals Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orex Minerals Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply