NGEx Resources Inc. (TSE:NGQ) had its price objective hoisted by investment analysts at Scotiabank from C$1.00 to C$1.25 in a research report issued to clients and investors on Tuesday. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 22.55% from the company’s current price.

Shares of NGEx Resources (NGQ) traded down C$0.02 during trading hours on Tuesday, reaching C$1.02. 18,100 shares of the company’s stock were exchanged, compared to its average volume of 59,960. NGEx Resources has a 12-month low of C$0.75 and a 12-month high of C$1.45.

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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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