CANEX Metals (CVE:CANX) Trading Up 25% – Here’s What Happened

CANEX Metals Inc. (CVE:CANXGet Free Report)’s share price was up 25% during mid-day trading on Friday . The company traded as high as C$0.15 and last traded at C$0.15. Approximately 777,000 shares traded hands during mid-day trading, an increase of 597% from the average daily volume of 111,467 shares. The stock had previously closed at C$0.12.

CANEX Metals Stock Performance

The business’s 50 day moving average price is C$0.09 and its 200-day moving average price is C$0.07. The firm has a market capitalization of C$21.31 million, a PE ratio of -36.24 and a beta of 0.50.

About CANEX Metals

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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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