CANEX Metals (CVE:CANX) Shares Up 28.6% – Time to Buy?

CANEX Metals Inc. (CVE:CANXGet Free Report) shares shot up 28.6% during mid-day trading on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. 1,068,900 shares were traded during mid-day trading, an increase of 588% from the average session volume of 155,392 shares. The stock had previously closed at C$0.04.

CANEX Metals Price 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 has a market capitalization of C$5.15 million, a PE ratio of -4.50 and a beta of 1.19. The firm’s 50 day simple moving average is C$0.04 and its 200 day simple moving average is C$0.04.

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.

Further Reading

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