CANEX Metals (CVE:CANX) Trading Up 20% – Should You Buy?

CANEX Metals Inc. (CVE:CANX)’s share price shot up 20% during mid-day trading on Monday . The stock traded as high as C$0.07 and last traded at C$0.06. 162,399 shares changed hands during trading, an increase of 25% from the average session volume of 130,326 shares. The stock had previously closed at C$0.05.

CANEX Metals Stock Up 20.0 %

The company’s fifty day moving average price is C$0.04 and its two-hundred day moving average price is C$0.04. The company has a market cap of C$7.34 million, a price-to-earnings ratio of -24.16 and a beta of 1.19.

CANEX Metals Company Profile

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.