CANEX Metals (CVE:CANX) Stock Price Down 22.2% – Time to Sell?

CANEX Metals Inc. (CVE:CANXGet Free Report) shares traded down 22.2% during mid-day trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. 193,220 shares were traded during mid-day trading, an increase of 100% from the average session volume of 96,825 shares. The stock had previously closed at C$0.05.

CANEX Metals Trading Down 22.2 %

The business has a 50 day simple moving average of C$0.04 and a 200 day simple moving average of C$0.04. The company has a debt-to-equity ratio of 0.64, a current ratio of 43.42 and a quick ratio of 15.67. The company has a market cap of C$4.00 million, a price-to-earnings ratio of -3.50 and a beta of 1.19.

CANEX Metals Company Profile

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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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