NGEx Minerals (OTCMKTS:NGXXF) Stock Price Down 5.9% – Here’s Why

Shares of NGEx Minerals Ltd. (OTCMKTS:NGXXF) dropped 5.9% on Tuesday . The stock traded as low as C$18.35 and last traded at C$18.35. Approximately 11,591 shares changed hands during trading, a decline of 74% from the average session volume of 45,289 shares. The stock had previously closed at C$19.50.

Wall Street Analysts Forecast Growth

NGXXF has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating on shares of NGEx Minerals in a report on Monday, July 6th. TD Securities started coverage on shares of NGEx Minerals in a research report on Thursday, July 23rd. They set a “buy” rating for the company. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

NGEx Minerals Stock Down 5.9%

The business’s 50 day moving average is C$18.80 and its two-hundred day moving average is C$19.33.

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. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.