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

CANEX Metals Inc. (CVE:CANX)’s stock price shot up 28.6% during mid-day trading on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. 1,068,900 shares changed hands during mid-day trading, an increase of 588% from the average session volume of 155,392 shares. The stock had previously closed at C$0.04.

CANEX Metals Trading Up 28.6 %

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$5.15 million, a P/E ratio of -4.50 and a beta of 1.19. The company has a 50-day moving average price of C$0.04 and a 200 day moving average price of C$0.04.

About CANEX Metals

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.