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Orex Minerals ( (TSE:REX) ) just unveiled an announcement.
Orex Minerals has engaged Toronto-based ICP Securities Inc. to provide automated market making services for its shares, using ICP’s proprietary ICP Premium algorithm under a four-month initial agreement that renews monthly. The move is aimed at improving liquidity and correcting temporary supply-demand imbalances in Orex’s stock on the TSX Venture Exchange, with ICP acting at arm’s length, bearing its own trading costs, and receiving a fixed cash fee without performance-based or equity-linked compensation.
By outsourcing market making to a specialized CIRO dealer-member, Orex seeks to enhance quote health and trading efficiency in its shares, which could support tighter spreads and better price discovery for investors. The arrangement underlines the company’s ongoing efforts to strengthen its capital markets profile as it advances its portfolio of precious and base metals exploration projects in Mexico and Canada, potentially improving access to institutional and retail stakeholders over time.
The most recent analyst rating on (TSE:REX) stock is a Hold with a C$0.34 price target. To see the full list of analyst forecasts on Orex Minerals stock, see the TSE:REX Stock Forecast page.
Spark’s Take on TSE:REX Stock
According to Spark, TipRanks’ AI Analyst, TSE:REX is a Neutral.
The score is held down primarily by very weak financial performance (no revenue, sustained losses, and continued cash burn with shrinking equity). Technical momentum is a key offset (price above major moving averages with positive MACD), while valuation provides limited support due to negative earnings and no dividend yield data.
To see Spark’s full report on TSE:REX stock, click here.
More about Orex Minerals
Orex Minerals Inc. is a precious and base metals exploration company with projects in Mexico and Canada. Its portfolio includes the Coneto and Sandra silver-gold projects in Durango, Mexico, partnered respectively with Fresnillo PLC and Pan American Silver Corp., and the Jumping Josephine gold project in British Columbia, Canada, all advanced by an experienced mining team focused on value creation through strategic partnerships.
Average Trading Volume: 191,193
Technical Sentiment Signal: Hold
Current Market Cap: C$10.14M
See more insights into REX stock on TipRanks’ Stock Analysis page.