NGEx Minerals (OTC:NGXXF) Trading Down 1.7% – Should You Sell?

NGEx Minerals Ltd. (OTC:NGXXF)’s stock price was down 1.7% during mid-day trading on Monday . The company traded as low as C$18.65 and last traded at C$18.68. Approximately 14,118 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 28,024 shares. The stock had previously closed at C$19.00.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NGXXF shares. National Bankshares reaffirmed an “outperform” rating on shares of NGEx Minerals in a research note on Wednesday, October 1st. CIBC lowered shares of NGEx Minerals from an “outperform” rating to a “neutral” rating in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, NGEx Minerals has a consensus rating of “Moderate Buy”.

NGEx Minerals Stock Down 1.7%

The firm has a 50 day moving average price of C$16.02 and a two-hundred day moving average price of C$12.32.

About NGEx Minerals

NGEx Minerals Ltd. engages in the acquisition, exploration, and development of mineral properties in South America. The company holds interest in the Los Helados project, a porphyry copper, gold, and silver deposit located in the Andes Mountains of the Atacama Region, Chile. It also holds interest in the Valle Ancho and Interceptor properties located in Catamarca, Argentina; and the Potro Cliffs project located in San Juan Province, Argentina.