CANEX Metals (CVE:CANX) Shares Down 20% – Should You Sell?

CANEX Metals Inc. (CVE:CANX)’s share price fell 20% during mid-day trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. 198,119 shares were traded during trading, an increase of 49% from the average session volume of 132,881 shares. The stock had previously closed at C$0.05.

CANEX Metals Stock Performance

The company has a market capitalization of C$4.90 million, a price-to-earnings ratio of -16.11 and a beta of 1.19. The company has a 50-day moving average price of C$0.04 and a 200-day moving average price of C$0.04.

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.