CANEX Metals (CVE:CANX) Stock Price Down 11.4% – Time to Sell?

by · The Cerbat Gem

CANEX Metals Inc. (CVE:CANX – Get Free Report) shares dropped 11.4% on Thursday . The company traded as low as C$0.16 and last traded at C$0.20. Approximately 365,890 shares changed hands during trading, an increase of 129% from the average daily volume of 159,766 shares. The stock had previously closed at C$0.22.

CANEX Metals Trading Down 11.4%

The business’s fifty day moving average price is C$0.13 and its 200 day moving average price is C$0.11. The company has a market capitalization of C$28.66 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. The company was incorporated in 1971 and is headquartered in Calgary, Canada.

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