CANEX Metals (CVE:CANX) Trading 27.3% Higher – Should You Buy?

CANEX Metals Inc. (CVE:CANXGet Free Report) shares rose 27.3% during mid-day trading on Saturday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 148,000 shares traded hands during mid-day trading, an increase of 52% from the average daily volume of 97,202 shares. The stock had previously closed at C$0.06.

CANEX Metals Stock Up 27.3%

The stock has a fifty day moving average of C$0.05 and a 200-day moving average of C$0.04. The stock has a market capitalization of C$8.57 million, a price-to-earnings ratio of -28.19 and a beta of 1.19.

About CANEX Metals

(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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