CANEX Metals (CVE:CANX) Trading 20% Higher – Here’s Why

CANEX Metals Inc. (CVE:CANXGet Free Report)’s share price rose 20% during trading on Monday . The company traded as high as C$0.07 and last traded at C$0.06. Approximately 193,399 shares traded hands during trading, an increase of 47% from the average daily volume of 131,326 shares. The stock had previously closed at C$0.05.

CANEX Metals Price Performance

The stock has a 50 day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.04. The company has a market cap of C$6.73 million, a price-to-earnings ratio of -22.15 and a beta of 1.19.

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.

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