Apex Resources (CVE:APX) Stock Price Up 22.2% – Still a Buy?

Apex Resources Inc. (CVE:APXGet Free Report)’s stock price rose 22.2% during trading on Monday . The company traded as high as C$0.06 and last traded at C$0.06. 149,029 shares were traded during mid-day trading, an increase of 68% from the average session volume of 88,894 shares. The stock had previously closed at C$0.04.

Apex Resources Price Performance

The stock has a market capitalization of C$4.58 million, a P/E ratio of -6.00 and a beta of -0.80. The company’s 50 day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.06. The company has a debt-to-equity ratio of 3.50, a current ratio of 1.04 and a quick ratio of 1.30.

About Apex Resources

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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.

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