CANEX Metals (CVE:CANX) Stock Falls 7.9% – Here’s Why

CANEX Metals Inc. (CVE:CANX – Get Free Report)’s share price traded down 7.9% during mid-day trading on Friday. The stock traded as low as C$0.35 and last traded at C$0.35. Approximately 401,903 shares changed hands during trading, an increase of 76% from the average daily volume of 228,536 shares. The stock had previously closed at C$0.38.

CANEX Metals Trading Down 7.9%

The firm has a market capitalization of C$92.66 million, a PE ratio of -36.24 and a beta of 0.43. The business has a 50-day moving average of C$0.37 and a 200 day moving average of C$0.29.

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. The company was incorporated in 1971 and is headquartered in Calgary, Canada.

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