Devex Resources Ltd (ASX:DEV) shares were up 11.7% during mid-day trading on Friday . The stock traded as high as A$0.07 ($0.05) and last traded at A$0.07 ($0.05). Approximately 83,686 shares traded hands during mid-day trading, an increase of ∞ from the average daily volume of 0 shares. The stock had previously closed at A$0.06 ($0.04).
The stock has a market capitalization of $7.08 million and a price-to-earnings ratio of -2.91. The stock has a 50 day moving average of A$0.06.
In other Devex Resources news, insider Timothy Goyder 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th.
DevEx Resources Limited, together with its subsidiaries, engages in the exploration and evaluation of mineral properties in Australia. The company primarily explores for uranium, copper, lithium, diamond, gold, and other base metals. It holds 100% interests in West Arnhem-Nabarlek project that covers an area of approximately 5,963 square kilometers tenement packages located in the Alligator Rivers Uranium Province, Northern Territory; the Junee Project, which covers an area of approximately 281.3 square kilometers situated in the Lachlan Fold Belt of New South Wales; and Bogong project that covers an area of approximately 53 square kilometers situated in the Lachlan Fold Belt of New South Wales.
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