CANEX Metals (CVE:CANX) Trading 20% Higher – Here’s Why

CANEX Metals Inc. (CVE:CANXGet Free Report) shot up 20% during trading on Monday . The company traded as high as C$0.07 and last traded at C$0.06. 193,870 shares were traded during mid-day trading, an increase of 48% from the average session volume of 131,339 shares. The stock had previously closed at C$0.05.

CANEX Metals Trading Up 9.1 %

The company has a 50 day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.04. The firm has a market capitalization of C$7.34 million, a P/E ratio of -24.16 and a beta of 1.19.

About CANEX Metals

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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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