NGEx Minerals (OTC:NGXXF) Stock Price Up 3.4% – Still a Buy?

Shares of NGEx Minerals Ltd. (OTC:NGXXF) were up 3.4% during trading on Wednesday . The stock traded as high as C$21.46 and last traded at C$21.42. Approximately 21,251 shares changed hands during trading, a decline of 67% from the average daily volume of 64,070 shares. The stock had previously closed at C$20.71.

Analyst Ratings Changes

Separately, BMO Capital Markets reissued an “outperform” rating on shares of NGEx Minerals in a report on Tuesday, January 13th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, NGEx Minerals has an average rating of “Moderate Buy”.

NGEx Minerals Price Performance

The stock’s 50-day moving average price is C$20.01 and its 200-day moving average price is C$17.90.

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.