Apex Resources (CVE:APX) Reaches New 12-Month High – Still a Buy?

Shares of Apex Resources Inc. (CVE:APX) reached a new 52-week high on Wednesday . The company traded as high as C$0.11 and last traded at C$0.09, with a volume of 34126 shares trading hands. The stock had previously closed at C$0.09.

Apex Resources Stock Performance

The firm has a market capitalization of C$7.49 million, a price-to-earnings ratio of -6.00 and a beta of -0.84. The company has a quick ratio of 1.30, a current ratio of 1.04 and a debt-to-equity ratio of 3.50. The stock’s fifty day moving average is C$0.06 and its two-hundred day moving average is C$0.06.

About Apex Resources

Apex Resources Inc, an exploration stage company, engages in the exploration and evaluation of mineral properties in Canada. The company primarily explores for gold, copper, lead, zinc, molybdenum, and tungsten deposits. It holds a 100% interest in the Jersey Emerald Tungsten-Lead-Zinc property consisting of 28 crown granted mineral claims, four 2-post claims, and 80 mineral units located in southeastern British Columbia; and the Ore Hill property covering an area of 2,000 hectares located in southern British Columbia.