CANEX Metals (CVE:CANX) Trading Down 10%

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

CANEX Metals Stock Down 20.0 %

The stock’s 50-day simple moving average is C$0.05 and its 200-day simple moving average is C$0.05. The company has a current ratio of 29.74, a quick ratio of 15.67 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of C$4.57 million, a P/E ratio of -4.00 and a beta of 1.25.

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.