CANEX Metals (CVE:CANX) Shares Up 28.6% – What’s Next?

CANEX Metals Inc. (CVE:CANX) shares were up 28.6% during trading on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 1,068,900 shares were traded during 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 Up 28.6 %

The firm has a 50 day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.04. The stock 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 quick ratio of 15.67, a current ratio of 43.42 and a debt-to-equity ratio of 0.64.

About CANEX Metals

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.