CANEX Metals (CVE:CANX) Shares Down 10%

CANEX Metals Inc. (CVE:CANX) was down 10% on Wednesday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 83,000 shares traded hands during trading, an increase of 19% from the average daily volume of 69,672 shares. The stock had previously closed at C$0.05.

CANEX Metals Stock Performance

The company has a debt-to-equity ratio of 0.64, a quick ratio of 15.67 and a current ratio of 29.74. The firm has a 50 day moving average price of C$0.05 and a two-hundred day moving average price of C$0.05. The company has a market capitalization of C$4.57 million, a P/E ratio of -5.00 and a beta of 1.25.

About CANEX Metals

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.