CANEX Metals (CVE:CANX) Trading 25% Higher – Here’s What Happened

CANEX Metals Inc. (CVE:CANX – Get Free Report)’s share price shot up 25% during trading on Saturday . The company traded as high as C$0.15 and last traded at C$0.15. 294,258 shares traded hands during trading, an increase of 90% from the average session volume of 154,666 shares. The stock had previously closed at C$0.12.

CANEX Metals Price Performance

The business has a 50 day moving average of C$0.13 and a 200 day moving average of C$0.10. The firm has a market capitalization of C$22.04 million, a price-to-earnings ratio of -36.24 and a beta of 1.24.

About CANEX Metals

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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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