CANEX Metals (CVE:CANX) Trading 25% Higher – Here’s Why

Shares of CANEX Metals Inc. (CVE:CANXGet Free Report) rose 25% on Saturday . The stock traded as high as C$0.15 and last traded at C$0.15. Approximately 294,258 shares changed hands during trading, an increase of 90% from the average daily volume of 154,666 shares. The stock had previously closed at C$0.12.

CANEX Metals Price Performance

The business has a 50 day simple moving average of C$0.13 and a 200-day simple moving average of C$0.10. The stock has a market capitalization of C$22.04 million, a price-to-earnings ratio of -36.24 and a beta of 1.24.

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.

Further Reading

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