Shares of NGEx Resources Inc (TSE:NGQ) fell 3.9% on Thursday . The stock traded as low as C$1.21 and last traded at C$1.23. 15,700 shares were traded during mid-day trading, a decline of 97% from the average session volume of 527,364 shares. The stock had previously closed at C$1.28.

Several research firms have recently weighed in on NGQ. Paradigm Capital boosted their target price on NGEx Resources from C$2.70 to C$3.00 in a report on Tuesday, January 30th. Scotiabank upped their price objective on NGEx Resources from C$1.00 to C$1.25 and gave the company a “sector perform” rating in a research note on Tuesday, November 14th.

The firm has a market cap of $289.63, a P/E ratio of -40.33 and a beta of 0.92.

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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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