CANEX Metals (CVE:CANX) Stock Price Up 20% – Still a Buy?

CANEX Metals Inc. (CVE:CANXGet Free Report)’s share price traded up 20% on Monday . The company traded as high as C$0.07 and last traded at C$0.06. 162,399 shares traded hands during trading, an increase of 25% from the average session volume of 130,326 shares. The stock had previously closed at C$0.05.

CANEX Metals Stock Performance

The firm’s fifty day moving average is C$0.04 and its 200-day moving average is C$0.04. The company has a market capitalization of C$7.34 million, a P/E ratio of -24.16 and a beta of 1.19.

CANEX Metals Company Profile

(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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