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

by · The Cerbat Gem

CANEX Metals Inc. (CVE:CANX – Get Free Report)’s stock price traded down 11.4% on Thursday . The stock traded as low as C$0.16 and last traded at C$0.20. 365,890 shares were traded during mid-day trading, an increase of 129% from the average session volume of 159,766 shares. The stock had previously closed at C$0.22.

CANEX Metals Trading Down 11.4%

The firm has a market cap of C$28.66 million, a price-to-earnings ratio of -36.24 and a beta of 1.24. The stock’s fifty day moving average price is C$0.13 and its 200-day moving average price is 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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