Callinex Mines (CVE:CNX) Reaches New 12-Month Low – Should You Sell?

Shares of Callinex Mines Inc. (CVE:CNXGet Free Report) hit a new 52-week low on Thursday . The stock traded as low as C$0.82 and last traded at C$0.82, with a volume of 42093 shares traded. The stock had previously closed at C$0.83.

Callinex Mines Stock Up 2.4 %

The company has a quick ratio of 2.32, a current ratio of 0.45 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of C$16.00 million, a price-to-earnings ratio of -14.17 and a beta of 1.98. The firm has a 50 day moving average of C$0.89 and a two-hundred day moving average of C$0.98.

Callinex Mines Company Profile

(Get Free Report)

Callinex Mines Inc engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for copper, zinc, gold, and silver deposits. Its principal project portfolio includes the Pine Bay project that covers an area of 6,795 square hectare and 77 contiguous mineral claims situated in the Flin Flon Mining District, Manitoba; and the Nash Creek property, which comprises seven contiguous mineral claims that covers an area of 15,542.31 hectares located in Restigouche County in northeast New Brunswick.

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