CANEX Metals (CVE:CANX) Stock Price Down 20% – Here’s Why

by · The Markets Daily

Shares of CANEX Metals Inc. (CVE:CANX – Get Free Report) fell 20% during trading on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 198,119 shares were traded during mid-day trading, an increase of 49% from the average session volume of 132,881 shares. The stock had previously closed at C$0.05.

CANEX Metals Stock Up 12.5 %

The firm has a market cap of C$5.51 million, a price-to-earnings ratio of -18.12 and a beta of 1.19. The company’s fifty day moving average is C$0.04 and its 200 day moving average is C$0.04.

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.

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