TerraX Minerals (CVE:TXR) Trading Down 5.3%

Shares of TerraX Minerals Inc. (CVE:TXR) traded down 5.3% during mid-day trading on Wednesday . The company traded as low as C$0.26 and last traded at C$0.27, 127,000 shares were traded during mid-day trading. An increase of 41% from the average session volume of 90,261 shares. The stock had previously closed at C$0.29.

The company has a market cap of $37.29 million and a price-to-earnings ratio of -21.15. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.10 and a current ratio of 2.14. The business’s 50 day moving average price is C$0.26 and its 200-day moving average price is C$0.33.

About TerraX Minerals (CVE:TXR)

TerraX Minerals Inc engages in the exploration and development of mineral properties in Canada. The company holds 100% interest in the Yellowknife City gold project that includes Northbelt, Walsh Lake, Southbelt, and Eastbelt properties in the Northwest Territories, as well as other claims and property interests encompassing 772 square kilometers of land on the Yellowknife greenstone belt.

Further Reading: Dead Cat Bounce

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