CANEX Metals (CVE:CANX) Shares Down 22.2% – Should You Sell?

CANEX Metals Inc. (CVE:CANX) shares were down 22.2% during trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 205,000 shares were traded during mid-day trading, an increase of 178% from the average daily volume of 73,786 shares. The stock had previously closed at C$0.05.

CANEX Metals Stock Performance

The company has a 50-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. The firm has a market capitalization of C$4.58 million, a P/E ratio of -4.00 and a beta of 1.19.

CANEX Metals Company Profile

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.