Apex Resources (CVE:APX) Trading 20% Higher – Time to Buy?

Apex Resources Inc. (CVE:APXGet Free Report)’s stock price shot up 20% on Friday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 137,354 shares changed hands during trading, an increase of 53% from the average daily volume of 89,648 shares. The stock had previously closed at C$0.05.

Apex Resources Stock Up 20.0%

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 company has a market capitalization of C$5.00 million, a price-to-earnings ratio of -6.00 and a beta of -0.84. The stock’s fifty day moving average price is C$0.05 and its 200-day moving average price is C$0.06.

About Apex Resources

(Get Free Report)

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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