Shares of CANEX Metals Inc. (CVE:CANX – Get Free Report) dropped 20% during trading on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 229,000 shares were traded during trading, an increase of 60% from the average daily volume of 143,012 shares. The stock had previously closed at C$0.05.
CANEX Metals Price Performance
The stock has a market capitalization of C$4.90 million, a price-to-earnings ratio of -16.11 and a beta of 1.19. The business has a fifty day moving average of C$0.04 and a 200 day moving average of C$0.04.
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.
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