CANEX Metals (CVE:CANX) Shares Up 13.8% – Here’s What Happened

CANEX Metals Inc. (CVE:CANXGet Free Report)’s share price rose 13.8% during mid-day trading on Friday . The stock traded as high as C$0.33 and last traded at C$0.33. Approximately 462,568 shares were traded during mid-day trading, an increase of 109% from the average daily volume of 221,333 shares. The stock had previously closed at C$0.29.

CANEX Metals Price Performance

The firm’s fifty day moving average is C$0.21 and its 200 day moving average is C$0.14. The firm has a market capitalization of C$44.09 million, a price-to-earnings ratio of -36.24 and a beta of 1.69.

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. The company was incorporated in 1971 and is headquartered in Calgary, Canada.

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