NGEx Resources (TSE:NGQ) PT Lowered to C$1.75

NGEx Resources (TSE:NGQ) had its price objective trimmed by National Bank Financial from C$1.85 to C$1.75 in a research report report published on Friday, June 28th, Stock Target Advisor reports. The brokerage currently has an outperform rating on the stock.

Shares of TSE NGQ traded down C$0.01 during mid-day trading on Friday, hitting C$1.05. 333,300 shares of the company traded hands, compared to its average volume of 50,453. NGEx Resources has a 1 year low of C$0.94 and a 1 year high of C$1.18. The firm has a market cap of $262.04 million and a PE ratio of -9.21. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is C$1.07.

NGEx Resources (TSE:NGQ) last announced its quarterly earnings data on Wednesday, May 15th. The company reported C($0.06) earnings per share (EPS) for the quarter. As a group, equities analysts expect that NGEx Resources will post -0.02 EPS for the current fiscal year.

About NGEx Resources

NGEx Resources Inc, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in South America. The company explores for copper, gold, and silver deposits. Its core assets include the 100% owned Josemaria project located in the San Juan province, Argentina; and 63% owned Los Helados project located in the Andes Mountains of the Atacama Region, Chile.

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