Shares of CANEX Metals Inc. (CVE:CANX – Get Free Report) dropped 22.2% on Friday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 193,220 shares traded hands during mid-day trading, an increase of 100% from the average daily volume of 96,825 shares. The stock had previously closed at C$0.05.
CANEX Metals Stock Performance
The company has a current ratio of 43.42, a quick ratio of 15.67 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of C$4.00 million, a P/E ratio of -3.50 and a beta of 1.19. The company’s 50-day moving average is C$0.04 and its two-hundred day moving average is C$0.04.
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.
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