Euromax Resources (CVE:EOX) Trading Down 20% – Here’s Why

Shares of Euromax Resources Ltd. (CVE:EOXGet Free Report) dropped 20% during mid-day trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 172,112 shares traded hands during mid-day trading, an increase of 30% from the average daily volume of 132,193 shares. The stock had previously closed at C$0.03.

Euromax Resources Trading Down 20.0%

The company has a market capitalization of C$15.09 million, a PE ratio of -1.00 and a beta of 0.88. The business has a fifty day moving average of C$0.02 and a 200 day moving average of C$0.02.

About Euromax Resources

(Get Free Report)

Euromax Resources Ltd. engages in the exploration and development of mineral right interests in Macedonia. The company primarily explores for copper and gold deposits. Its flagship project is the Ilovica-Shtuka gold-copper project, which is located in Southeast Macedonia with annual production of approximately 83 kilo ounces of gold and 16 kilotons of copper. The company was formerly known as Omax Resources Ltd. and changed its name to Euromax Resources Ltd. in 2004. Euromax Resources Ltd. was incorporated in 1990 and is based in Skopje, North Macedonia.

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