CANEX Metals (CVE:CANX) Reaches New 1-Year Low – Time to Sell?

CANEX Metals Inc. (CVE:CANXGet Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.04, with a volume of 20200 shares. The stock had previously closed at C$0.04.

CANEX Metals Stock Performance

The company has a quick ratio of 15.67, a current ratio of 43.42 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average is C$0.04 and its 200 day moving average is C$0.04. The company has a market cap of C$4.00 million, a price-to-earnings ratio of -3.50 and a beta of 1.19.

CANEX Metals Company Profile

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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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