CANEX Metals (CVE:CANX) Shares Down 10.4% – Here’s What Happened

Shares of CANEX Metals Inc. (CVE:CANX) were down 10.4% during trading on Monday . The stock traded as low as C$0.30 and last traded at C$0.30. Approximately 184,755 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 175,186 shares. The stock had previously closed at C$0.34.

CANEX Metals Stock Down 3.2%

The business has a 50-day simple moving average of C$0.24 and a two-hundred day simple moving average of C$0.25. The stock has a market capitalization of C$74.13 million, a P/E ratio of -36.24 and a beta of 0.93. The company has a quick ratio of 15.67, a current ratio of 1.25 and a debt-to-equity ratio of 1.36.

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.