Callinex Mines (CVE:CNX) Trading Down 1.3% – Should You Sell?

by · The Cerbat Gem

Callinex Mines Inc. (CVE:CNX – Get Free Report) fell 1.3% on Thursday . The company traded as low as C$0.74 and last traded at C$0.75. Approximately 6,481 shares traded hands during trading, a decline of 55% from the average session volume of 14,265 shares. The stock had previously closed at C$0.76.

Callinex Mines Stock Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.32 and a current ratio of 1.68. The firm has a 50 day moving average price of C$0.75 and a two-hundred day moving average price of C$0.74. The company has a market capitalization of C$14.31 million, a P/E ratio of -12.50 and a beta of -0.20.

About Callinex Mines

(Get Free Report)

Callinex Mines Inc engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for copper, zinc, gold, and silver deposits. Its principal project portfolio includes the Pine Bay project that covers an area of 6,795 square hectare and 77 contiguous mineral claims situated in the Flin Flon Mining District, Manitoba; and the Nash Creek property, which comprises seven contiguous mineral claims that covers an area of 15,542.31 hectares located in Restigouche County in northeast New Brunswick.

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