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

CANEX Metals Inc. (CVE:CANXGet Free Report)’s stock price was up 28.6% during mid-day trading on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 1,068,900 shares were traded during mid-day trading, an increase of 578% from the average daily volume of 157,580 shares. The stock had previously closed at C$0.04.

CANEX Metals Stock Performance

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

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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