CANEX Metals (CVE:CANX) Shares Up 28.6% – Time to Buy?

CANEX Metals Inc. (CVE:CANXGet Free Report) shares shot up 28.6% during trading on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. 1,068,900 shares traded hands during trading, an increase of 588% from the average session volume of 155,392 shares. The stock had previously closed at C$0.04.

CANEX Metals Price Performance

The stock has a market capitalization of C$5.15 million, a PE ratio of -4.50 and a beta of 1.19. The company has a current ratio of 43.42, a quick ratio of 15.67 and a debt-to-equity ratio of 0.64. The firm’s 50-day moving average price is C$0.04 and its 200-day moving average price is 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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