CANEX Metals (CVE:CANX) Stock Price Down 11.1% – Here’s What Happened

CANEX Metals Inc. (CVE:CANX)’s stock price traded down 11.1% during mid-day trading on Wednesday . The company traded as low as C$0.24 and last traded at C$0.24. 139,546 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 280,268 shares. The stock had previously closed at C$0.27.

CANEX Metals Stock Performance

The stock has a 50 day moving average price of C$0.25 and a 200 day moving average price of C$0.16. The company has a market capitalization of C$39.68 million, a P/E ratio of -36.24 and a beta of 2.01.

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