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

CANEX Metals Inc. (CVE:CANXGet Free Report)’s stock price dropped 20% during trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 229,000 shares changed hands during trading, an increase of 60% from the average daily volume of 143,012 shares. The stock had previously closed at C$0.05.

CANEX Metals Stock Performance

The company has a market capitalization of C$4.90 million, a PE ratio of -16.11 and a beta of 1.19. The business has a fifty day moving average price of C$0.04 and a 200 day moving average price of C$0.04.

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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