CANEX Metals (CVE:CANX) Reaches New 12-Month Low – Should You Sell?

CANEX Metals Inc. (CVE:CANX)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 183000 shares changing hands. The stock had previously closed at C$0.04.

CANEX Metals Price Performance

The stock has a market cap of C$3.43 million, a P/E ratio of -4.00 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 company’s fifty day simple moving average is C$0.05 and its 200-day simple moving average is C$0.05.

About CANEX Metals

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.