CANEX Metals (CVE:CANX) Trading Up 20% – Here’s Why

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

CANEX Metals Trading Up 20.0 %

The company has a 50 day moving average of C$0.04 and a 200 day moving average of C$0.04. The firm has a market cap of C$7.34 million, a price-to-earnings ratio of -24.16 and a beta of 1.19.

About CANEX Metals

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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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