CANEX Metals (CVE:CANX) Trading 25% Higher – Still a Buy?

by · The Markets Daily

CANEX Metals Inc. (CVE:CANX – Get Free Report) shares were up 25% during trading on Saturday . The company traded as high as C$0.15 and last traded at C$0.15. Approximately 294,258 shares traded hands during 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 Trading Up 25.0%

The firm has a market capitalization of C$22.04 million, a PE ratio of -36.24 and a beta of 1.24. The company has a fifty day moving average price of C$0.13 and a two-hundred day moving average price of C$0.10.

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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