CANEX Metals (CVE:CANX) Shares Down 22.2% – Should You Sell?

CANEX Metals Inc. (CVE:CANXGet Free Report)’s stock price fell 22.2% during trading on Thursday . The company traded as low as C$0.04 and last traded at C$0.04. 193,220 shares traded hands during trading, an increase of 100% from the average session volume of 96,825 shares. The stock had previously closed at C$0.05.

CANEX Metals Trading Down 22.2 %

The company’s 50 day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.04. The company has a quick ratio of 15.67, a current ratio of 43.42 and a debt-to-equity ratio of 0.64. The company has a market capitalization of C$4.00 million, a price-to-earnings ratio of -3.50 and a beta of 1.19.

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.

Featured Stories

Receive News & Ratings for CANEX Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CANEX Metals and related companies with MarketBeat.com's FREE daily email newsletter.