CANEX Metals (CVE:CANX) Stock Price Down 10%

CANEX Metals Inc. (CVE:CANX)’s share price traded down 10% on Tuesday . The company traded as low as C$0.05 and last traded at C$0.05. 248,000 shares changed hands during mid-day trading, an increase of 245% from the average session volume of 71,886 shares. The stock had previously closed at C$0.05.

CANEX Metals Price Performance

The firm’s 50 day simple moving average is C$0.04 and its 200-day simple moving average is C$0.05. The company has a current ratio of 12.94, a quick ratio of 15.67 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of C$5.71 million, a price-to-earnings ratio of -5.00 and a beta of 1.23.

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.