CANEX Metals (CVE:CANX) Shares Down 11.1% – Should You Sell?

CANEX Metals Inc. (CVE:CANXGet Free Report) fell 11.1% on Wednesday . The stock traded as low as C$0.24 and last traded at C$0.24. 139,546 shares changed hands during trading, a decline of 51% from the average session volume of 284,079 shares. The stock had previously closed at C$0.27.

CANEX Metals Stock Performance

The company has a market cap of C$39.68 million, a PE ratio of -36.24 and a beta of 2.01. The company has a fifty day moving average of C$0.24 and a two-hundred day moving average of C$0.16.

About CANEX Metals

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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. The company was incorporated in 1971 and is headquartered in Calgary, Canada.

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