CANEX Metals (CVE:CANX) Shares Up 28.6% – Should You Buy?

CANEX Metals Inc. (CVE:CANXGet Free Report)’s stock price traded up 28.6% during trading on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. 1,033,900 shares changed hands during trading, an increase of 565% from the average session volume of 155,392 shares. The stock had previously closed at C$0.04.

CANEX Metals Stock Up 28.6 %

The company has a debt-to-equity ratio of 0.64, a quick ratio of 15.67 and a current ratio of 43.42. The stock’s fifty day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.04. The stock has a market capitalization of C$5.15 million, a P/E ratio of -4.50 and a beta of 1.19.

About CANEX Metals

(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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