Rex Minerals (ASX:RXM) Shares Up 9.4%

Rex Minerals Limited (ASX:RXM) shot up 9.4% on Thursday . The company traded as high as A$0.06 ($0.04) and last traded at A$0.06 ($0.04). 308,806 shares traded hands during trading, a decline of 38% from the average session volume of 499,519 shares. The stock had previously closed at A$0.05 ($0.04).

The stock’s 50-day simple moving average is A$0.05. The stock has a market capitalization of $15.22 million and a price-to-earnings ratio of -2.41.

Rex Minerals Company Profile (ASX:RXM)

Rex Minerals Limited engages in the evaluation, exploration, and development of mineral properties in Australia. The company explores for copper, gold, and iron ore deposits. Its flagship project is the Hillside project that is located in Yorke Peninsula, South Australia. The company was incorporated in 2007 and is based in Adelaide, Australia.

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