CANEX Metals (CVE:CANX) Shares Down 20% – Here’s What Happened

CANEX Metals Inc. (CVE:CANX)’s stock price dropped 20% on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 198,119 shares traded hands during trading, an increase of 49% from the average daily volume of 132,881 shares. The stock had previously closed at C$0.05.

CANEX Metals Stock Down 20.0 %

The business’s 50-day moving average price is C$0.04 and its 200 day moving average price is C$0.04. The company has a market capitalization of C$4.90 million, a P/E ratio of -16.11 and a beta of 1.19.

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.