CANEX Metals (CVE:CANX) Stock Price Up 28.6% – Still a Buy?

CANEX Metals Inc. (CVE:CANXGet Free Report) shot up 28.6% on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. 1,068,900 shares traded hands during trading, an increase of 578% from the average session volume of 157,580 shares. The stock had previously closed at C$0.04.

CANEX Metals Price Performance

The firm has a market cap of C$5.15 million, a PE ratio of -4.50 and a beta of 1.19. The firm has a fifty day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 15.67 and a current ratio of 43.42.

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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