Callinex Mines (CVE:CNX) Hits New 12-Month Low – Here’s Why

Callinex Mines Inc. (CVE:CNXGet Free Report) shares hit a new 52-week low on Wednesday . The stock traded as low as C$0.78 and last traded at C$0.80, with a volume of 15622 shares traded. The stock had previously closed at C$0.82.

Callinex Mines Price Performance

The stock has a 50 day simple moving average of C$0.87 and a two-hundred day simple moving average of C$0.96. The firm has a market cap of C$14.49 million, a PE ratio of -12.83 and a beta of 1.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.32 and a current ratio of 0.45.

Callinex Mines Company Profile

(Get Free Report)

Callinex Mines Inc engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for copper, zinc, gold, and silver deposits. Its principal project portfolio includes the Pine Bay project that covers an area of 6,795 square hectare and 77 contiguous mineral claims situated in the Flin Flon Mining District, Manitoba; and the Nash Creek property, which comprises seven contiguous mineral claims that covers an area of 15,542.31 hectares located in Restigouche County in northeast New Brunswick.

Recommended Stories

Receive News & Ratings for Callinex Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callinex Mines and related companies with MarketBeat.com's FREE daily email newsletter.