NGEx Resources (TSE:NGQ) Stock Passes Below Fifty Day Moving Average of $1.07

NGEx Resources Inc (TSE:NGQ)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $1.07 and traded as low as $1.04. NGEx Resources shares last traded at $1.04, with a volume of 305 shares traded.

Separately, National Bank Financial cut shares of Detour Gold to a “hold” rating in a research report on Friday, June 28th.

The stock has a market capitalization of $264.56 million and a price-to-earnings ratio of -9.12. The firm has a 50-day simple moving average of C$1.07. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.03.

NGEx Resources (TSE:NGQ) last released its quarterly earnings data on Wednesday, May 15th. The company reported C($0.06) earnings per share (EPS) for the quarter. Research analysts expect that NGEx Resources Inc will post -0.02 EPS for the current year.

NGEx Resources Company Profile (TSE:NGQ)

NGEx Resources Inc, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in South America. The company explores for copper, gold, and silver deposits. Its core assets include the 100% owned Josemaria project located in the San Juan province, Argentina; and 63% owned Los Helados project located in the Andes Mountains of the Atacama Region, Chile.

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