Apex Resources (CVE:APX) Shares Break Below 200 Day Moving Average – What’s Next?

Apex Resources Inc. (CVE:APX – Get Free Report)’s share price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$0.06 and traded as low as C$0.06. Apex Resources shares last traded at C$0.06, with a volume of 85,000 shares traded.

Apex Resources Stock Performance

The stock has a market capitalization of C$4.58 million, a price-to-earnings ratio of -6.00 and a beta of -0.36. The stock’s 50 day moving average is C$0.08 and its 200 day moving average is C$0.06. The company has a current ratio of 1.04, a quick ratio of 1.30 and a debt-to-equity ratio of 3.50.

Apex Resources Company Profile

(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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