CANEX Metals (CVE:CANX) Shares Up 28.6% – Time to Buy?

CANEX Metals Inc. (CVE:CANXGet Free Report)’s share price rose 28.6% during trading on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 1,068,900 shares traded hands during mid-day trading, an increase of 588% from the average daily volume of 155,392 shares. The stock had previously closed at C$0.04.

CANEX Metals Stock Up 28.6 %

The company has a current ratio of 43.42, a quick ratio of 15.67 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of C$0.04 and a 200-day moving average price of C$0.04. The firm has a market cap of C$5.15 million, a P/E ratio of -4.50 and a beta of 1.19.

CANEX Metals Company Profile

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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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