CANEX Metals (CVE:CANX) Shares Up 20% – Still a Buy?

CANEX Metals Inc. (CVE:CANXGet Free Report)’s share price traded up 20% during trading on Monday . The stock traded as high as C$0.07 and last traded at C$0.06. 193,399 shares were traded during mid-day trading, an increase of 47% from the average session volume of 131,326 shares. The stock had previously closed at C$0.05.

CANEX Metals Price Performance

The stock has a market capitalization of C$7.34 million, a P/E ratio of -24.16 and a beta of 1.19. The firm has a 50-day simple moving average of C$0.04 and a 200 day simple moving average of 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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