CANEX Metals (CVE:CANX) Shares Up 25% – Time to Buy?

by · The Cerbat Gem

CANEX Metals Inc. (CVE:CANX – Get Free Report) rose 25% during trading on Friday . The company traded as high as C$0.15 and last traded at C$0.15. Approximately 294,258 shares changed hands during mid-day trading, an increase of 90% from the average daily volume of 154,666 shares. The stock had previously closed at C$0.12.

CANEX Metals Stock Up 25.0%

The firm has a 50-day moving average of C$0.13 and a 200 day moving average of C$0.10. The stock has a market capitalization of C$22.04 million, a P/E ratio of -36.24 and a beta of 1.24.

About CANEX Metals

(Get Free Report)

CANEX Metals Inc, a junior exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. The company explores for gold and silver deposits. It holds interests in the Gold Range property that consists of 262 lode mining claims and 2 patented claims covering an area of 1650 hectares located in Mohave County, Arizona; and Gibson property covering an area of 887 hectares located in central British Columbia.

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