CANEX Metals (CVE:CANX) Shares Down 11.4% – Should You Sell?

by · The Cerbat Gem

CANEX Metals Inc. (CVE:CANX – Get Free Report) shares dropped 11.4% during trading 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 Price Performance

The stock has a market capitalization of C$28.66 million, a PE ratio of -36.24 and a beta of 1.24. The firm has a fifty day moving average price of C$0.13 and a two-hundred day moving average price of C$0.11.

CANEX Metals Company Profile

(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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