CANEX Metals (CVE:CANX) Shares Down 15.9% – Time to Sell?
by Danessa Lincoln · The Markets DailyCANEX Metals Inc. (CVE:CANX – Get Free Report) shares were down 15.9% on Wednesday . The company traded as low as C$0.16 and last traded at C$0.19. Approximately 306,139 shares traded hands during mid-day trading, an increase of 92% from the average daily volume of 159,463 shares. The stock had previously closed at C$0.22.
CANEX Metals Trading Down 13.6%
The firm has a market capitalization of C$27.92 million, a price-to-earnings ratio of -36.24 and a beta of 1.24. The stock’s 50-day moving average is C$0.13 and its 200-day moving average is C$0.11.
CANEX Metals Company Profile
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. The company was incorporated in 1971 and is headquartered in Calgary, Canada.