CANEX Metals (CVE:CANX) Hits New 1-Year High – Should You Buy?

CANEX Metals Inc. (CVE:CANXGet Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as C$0.33 and last traded at C$0.31, with a volume of 712148 shares traded. The stock had previously closed at C$0.24.

CANEX Metals Stock Up 29.2%

The company has a market capitalization of C$76.60 million, a PE ratio of -36.24 and a beta of 0.93. The company’s 50 day moving average is C$0.24 and its two-hundred day moving average is C$0.25. The company has a quick ratio of 15.67, a current ratio of 1.25 and a debt-to-equity ratio of 1.36.

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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