NGEx Minerals (OTC:NGXXF) Trading Up 3% – Here’s Why

NGEx Minerals Ltd. (OTC:NGXXF)’s share price traded up 3% on Monday . The stock traded as high as C$21.01 and last traded at C$20.22. 73,163 shares traded hands during trading, an increase of 9% from the average session volume of 67,054 shares. The stock had previously closed at C$19.63.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. National Bankshares reiterated an “outperform” rating on shares of NGEx Minerals in a research note on Wednesday, October 1st. BMO Capital Markets restated an “outperform” rating on shares of NGEx Minerals in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, NGEx Minerals currently has a consensus rating of “Moderate Buy”.

NGEx Minerals Stock Performance

The firm’s fifty day moving average is C$18.61 and its 200 day moving average is C$16.98.

NGEx Minerals Company Profile

NGEx Minerals Ltd. engages in the acquisition, exploration, and development of mineral properties in South America. The company holds interest in the Los Helados project, a porphyry copper, gold, and silver deposit located in the Andes Mountains of the Atacama Region, Chile. It also holds interest in the Valle Ancho and Interceptor properties located in Catamarca, Argentina; and the Potro Cliffs project located in San Juan Province, Argentina. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.