NGEx Resources Inc. (NGQ) Stock Price Up -1.9% Following Analyst Upgrade

NGEx Resources Inc. (TSE:NGQ)’s share price rose 1.9% during trading on Tuesday after Scotiabank raised their price target on the stock from C$1.00 to C$1.25. Scotiabank currently has a sector perform rating on the stock. NGEx Resources traded as high as C$1.05 and last traded at C$1.02. Approximately 18,100 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 59,960 shares. The stock had previously closed at C$1.04.

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NGEx Resources Company Profile

NGEx Resources Inc is engaged in the acquisition, exploration and development of mineral properties located in South America. The Company’s principal project is Project Constellation, which consists of the Los Helados project and the Josemaria project, which are exploration stage copper or gold or silver projects located in Chile and Argentina.

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