NGEx Resources (NGQ) Trading Up 6.6%

Shares of NGEx Resources Inc (TSE:NGQ) were up 6.6% on Tuesday . The stock traded as high as C$1.33 and last traded at C$1.30. Approximately 110,326 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 541,251 shares. The stock had previously closed at C$1.22.

Several analysts have weighed in on NGQ shares. Scotiabank boosted their price target on shares of NGEx Resources from C$1.00 to C$1.25 and gave the stock a “sector perform” rating in a research note on Tuesday, November 14th. Paradigm Capital boosted their price target on shares of NGEx Resources from C$2.70 to C$3.00 in a research note on Tuesday, January 30th.

The stock has a market cap of $271.53, a P/E ratio of -40.67 and a beta of 0.92.

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About NGEx Resources

NGEx Resources Inc is engaged in the acquisition, exploration and development of mineral properties located in South America. The Company’s principal project is Project Constellation, which consists of the Los Helados project and the Josemaria project, which are exploration stage copper or gold or silver projects located in Chile and Argentina.

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