Callinex Mines (CVE:CNX) Shares Down 1.3% – Time to Sell?

Callinex Mines Inc. (CVE:CNX) fell 1.3% during trading on Wednesday . The stock traded as low as C$0.74 and last traded at C$0.75. 6,481 shares were traded during trading, a decline of 55% from the average session volume of 14,265 shares. The stock had previously closed at C$0.76.

Callinex Mines Stock Down 1.3%

The company has a quick ratio of 2.32, a current ratio of 0.21 and a debt-to-equity ratio of 0.10. The stock has a market cap of C$14.31 million, a PE ratio of -12.50 and a beta of -0.20. The firm has a fifty day moving average of C$0.75 and a 200 day moving average of C$0.75.

Callinex Mines Company Profile

Callinex Mines Inc engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for copper, zinc, gold, and silver deposits. Its principal project portfolio includes the Pine Bay project that covers an area of 6,795 square hectare and 77 contiguous mineral claims situated in the Flin Flon Mining District, Manitoba; and the Nash Creek property, which comprises seven contiguous mineral claims that covers an area of 15,542.31 hectares located in Restigouche County in northeast New Brunswick.