CANEX Metals (CVE:CANX) Shares Down 22.2% – Here’s Why

CANEX Metals Inc. (CVE:CANXGet Free Report)’s stock price fell 22.2% on Thursday . The stock traded as low as C$0.04 and last traded at C$0.04. 193,220 shares traded hands during mid-day trading, an increase of 100% from the average session volume of 96,425 shares. The stock had previously closed at C$0.05.

CANEX Metals Stock Down 22.2 %

The stock has a market cap of C$4.00 million, a price-to-earnings ratio of -3.50 and a beta of 1.19. The firm’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 debt-to-equity ratio of 0.64, a current ratio of 43.42 and a quick ratio of 15.67.

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.

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