CANEX Metals (CVE:CANX) Stock Price Up 40% – Should You Buy?

CANEX Metals Inc. (CVE:CANXGet Free Report) traded up 40% during mid-day trading on Monday . The company traded as high as C$0.07 and last traded at C$0.07. 110,399 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 128,374 shares. The stock had previously closed at C$0.05.

CANEX Metals Trading Down 8.3 %

The firm’s 50 day simple moving average is C$0.04 and its 200 day simple moving average is C$0.04. The firm has a market cap of C$6.73 million, a PE ratio of -22.15 and a beta of 1.19.

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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