Euromax Resources shares surged 28.6% on heavy volume, but the reason was not disclosed.

Euromax Resources (CVE:EOX) shares jumped 28.6% to C$0.05 on Friday, driven by a surge in trading volume to 619,327 shares—368% above average. The North Macedonia-based company, focused on copper and gold exploration, particularly at its Ilovica-Shtuka project, has a market cap of C$33.96 million. Its 50-day and 200-day moving averages are both C$0.02, and it has a negative P/E ratio of -1.00 and a beta of 0.88. The cause of the stock’s rise was not disclosed.