CANEX Metals (CVE:CANX) Shares Down 11.4% – Time to Sell?
by Jessica Moore · The Cerbat GemShares of CANEX Metals Inc. (CVE:CANX – Get Free Report) dropped 11.4% during mid-day trading on Wednesday . The stock traded as low as C$0.16 and last traded at C$0.20. Approximately 365,890 shares traded 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 company has a market capitalization of C$28.66 million, a PE ratio of -36.24 and a beta of 1.24. The company’s 50 day moving average price is C$0.13 and its 200-day moving average price is C$0.11.
About CANEX Metals
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.