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

Shares of CANEX Metals Inc. (CVE:CANX) traded up 28.6% during trading on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. 1,068,900 shares were traded during trading, an increase of 578% from the average session volume of 157,580 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 firm’s 50 day moving average price is C$0.04 and its two-hundred day moving average price is C$0.04. The company has a market cap of C$5.15 million, a P/E ratio of -4.50 and a beta of 1.19.

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.