Callinex Mines (CVE:CNX) Reaches New 1-Year Low – Should You Sell?

Callinex Mines Inc. (CVE:CNX)’s share price hit a new 52-week low on Thursday . The stock traded as low as C$0.68 and last traded at C$0.76, with a volume of 59000 shares changing hands. The stock had previously closed at C$0.78.

Callinex Mines Stock Down 2.5 %

The firm has a 50 day simple moving average of C$0.84 and a two-hundred day simple moving average of C$0.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.32 and a current ratio of 1.68. The stock has a market cap of C$16.35 million, a P/E ratio of -14.99 and a beta of 1.98.

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.