NGEx Resources (NGQ) PT Raised to C$3.00 at Paradigm Capital

NGEx Resources (TSE:NGQ) had its target price increased by research analysts at Paradigm Capital from C$2.70 to C$3.00 in a research note issued on Tuesday. Paradigm Capital’s target price indicates a potential upside of 156.41% from the company’s current price.

Separately, Scotiabank raised their target price on shares of NGEx Resources from C$1.00 to C$1.25 and gave the stock a “sector perform” rating in a report on Tuesday, November 14th.

Shares of NGEx Resources (TSE:NGQ) traded up C$0.07 on Tuesday, hitting C$1.17. 16,415,600 shares of the company’s stock traded hands, compared to its average volume of 861,658. NGEx Resources has a one year low of C$0.75 and a one year high of C$1.40. The firm has a market capitalization of $235.15, a PE ratio of -39.33 and a beta of 0.78.

NGEx Resources (TSE:NGQ) last announced its earnings results on Thursday, November 9th. The company reported C($0.01) EPS for the quarter.

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NGEx Resources Company Profile

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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