CANEX Metals (CVE:CANX) Trading Up 28.6% – Should You Buy?

Shares of CANEX Metals Inc. (CVE:CANX) shot up 28.6% during trading on Wednesday . The company traded as high as C$0.05 and last traded at C$0.05. 1,068,900 shares changed hands during mid-day 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 Trading Up 28.6 %

The business’s 50-day moving average is C$0.04 and its two-hundred day moving average is C$0.04. The company has a debt-to-equity ratio of 0.64, a current ratio of 43.42 and a quick ratio of 15.67. The firm has a market cap of C$5.15 million, a P/E ratio of -4.50 and a beta of 1.19.

About CANEX Metals

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.