Shares of CANEX Metals Inc. (CVE:CANX – Get Free Report) traded down 8.2% on Wednesday . The company traded as low as C$0.28 and last traded at C$0.28. 400,376 shares traded hands during trading, an increase of 58% from the average session volume of 253,693 shares. The stock had previously closed at C$0.31.
CANEX Metals Stock Performance
The firm’s 50-day moving average price is C$0.24 and its two-hundred day moving average price is C$0.16. The firm has a market cap of C$42.62 million, a PE ratio of -36.24 and a beta of 2.01.
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. The company was incorporated in 1971 and is headquartered in Calgary, Canada.
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