Euromax Resources (CVE:EOX) Trading 22.2% Higher – What’s Next?

Euromax Resources Ltd. (CVE:EOX) rose 22.2% during mid-day trading on Wednesday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 276,588 shares changed hands during mid-day trading, an increase of 89% from the average daily volume of 146,553 shares. The stock had previously closed at C$0.05.

Euromax Resources Stock Performance

The stock has a market capitalization of C$41.51 million, a P/E ratio of -1.00 and a beta of 0.88. The stock’s fifty day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.02.

Euromax Resources Company Profile

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.