CANEX Metals (CVE:CANX) Shares Down 7.4% – Here’s Why

CANEX Metals Inc. (CVE:CANXGet Free Report)’s stock price traded down 7.4% during trading on Tuesday . The stock traded as low as C$0.24 and last traded at C$0.25. Approximately 25,500 shares were traded during mid-day trading, a decline of 85% from the average session volume of 171,745 shares. The stock had previously closed at C$0.27.

CANEX Metals Stock Performance

The company has a debt-to-equity ratio of 1.36, a quick ratio of 15.67 and a current ratio of 1.25. The business’s 50-day moving average is C$0.26 and its 200-day moving average is C$0.25. The company has a market capitalization of C$50.07 million, a PE ratio of -36.24 and a beta of 0.92.

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

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